Data / Bank failures / 1982 / Unity BK & TR Company
Unity BK & TR Company, Boston, MA: failed July 30, 1982
Unity BK & TR Company in Boston, Massachusetts, failed on July 30, 1982. Boston Bank of Commerce of Boston, MA, took over its deposits. It held $12.8 million in assets and $11.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.8 million (22.3% of its assets). By assets it was the 104th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- July 30, 1982
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Boston Bank of Commerce, Boston, MA
- Total assets
- $12,759,000
- Total deposits
- $11,467,000
- Estimated cost to the FDIC
- $2,841,948 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19831
Other bank failures in Massachusetts, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FS&LA (assistance) | Boston | October 12, 1982 | $236 million | $177.7 million | $3 million | Northeast Savings FA |
| Freedom FS&LA (assistance) | Worcester | October 12, 1982 | $790.7 million | $645 million | $9.8 million | Northeast Savings FA |
| Mohawk BK & TR Co. | Greenfield | February 16, 1980 | $5.9 million | $5.4 million | $221,423 | Baybank 1ST Easthampton |
Other failed banks Boston Bank of Commerce took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Peoples NB of Commerce | Miami | FL | September 10, 1999 | $36.8 million | $35.9 million | $3.3 million | Boston Bank of Commerce |
All bank failures in 1982 · All bank failures in Massachusetts · Every failed bank Boston Bank of Commerce took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.