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The Bank of New England Corporation was a regional banking institution based in Boston, Massachusetts, which was seized by the Federal Deposit Insurance Corporation (FDIC) in 1991 as a result of heavy losses in its loan portfolio and was placed into Chapter 7 liquidation. At the time, it was the 33rd largest bank in the United States, and its federal seizure bailout was the second largest on record. At its peak, it had been the 18th largest bank and had over 470 branch offices. The liquidation company was named Recoll Management Corporation and its bankruptcy estate has continued to exist to pay out claims against the company. As of 2016, most of what was once Bank of New England is now part of Bank of America.

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rdfs:label
  • Bank of New England (en)
  • 新英格兰银行 (zh)
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  • The Bank of New England Corporation was a regional banking institution based in Boston, Massachusetts, which was seized by the Federal Deposit Insurance Corporation (FDIC) in 1991 as a result of heavy losses in its loan portfolio and was placed into Chapter 7 liquidation. At the time, it was the 33rd largest bank in the United States, and its federal seizure bailout was the second largest on record. At its peak, it had been the 18th largest bank and had over 470 branch offices. The liquidation company was named Recoll Management Corporation and its bankruptcy estate has continued to exist to pay out claims against the company. As of 2016, most of what was once Bank of New England is now part of Bank of America. (en)
  • 新英格蘭銀行(英語:Bank of New England Corporation)是一所美國銀行,总部设在麻省的波士顿。在鼎盛时期曾是美國第18大银行,拥有超过470家分公司。1991年被美國聯邦存款保險公司敕令破產清算。 (zh)
foaf:name
  • Bank of New England Corporation (en)
name
  • Bank of New England Corporation (en)
location
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area served
  • Northeastern United States (en)
assets
defunct
fate
  • Bankruptcy liquidation (en)
foundation
industry
key people
  • Lawrence Fish, Walter Connolly (en)
location
  • Boston, Massachusetts, United States (en)
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