Newspaper article from our research archive:

Insurance is unlikely an issue for ; Mass. banks Commonwealth's coverage system has ample reserves

Massachusetts' state-chartered banks and credit unions are unlikely to face higher deposit insurance rates this fall, officials said, in a sign that local institutions are largely weathering the financial storms buffeting banks elsewhere.

Unusual insurance programs in Massachusetts provide extra coverage for deposits at state-chartered savings banks, cooperative banks, and credit unions. The system fully insures deposits over and above the better-known Federal Deposit Insurance Corp.'s coverage of $100,000 per depositor.

Insurance coverage is a hot topic: The failure of IndyMac Bank in California in July left depositors with about $600 million in uninsured holdings. With banks nationwide ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!