Failed Bank Information for Butler Bank, Lowell, MA
On Friday, April 16, 2010, Butler Bank was closed by the Massachusetts Division of Banks. The FDIC was named Receiver. People's United Bank, Bridgeport, CT acquired all deposit accounts.
The FDIC as Receiver for Butler Bank, Lowell, MA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 3, 2020 and has made all dividend distributions required by law.
Effective October 1, 2020, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: October 1, 2020
Publication Date: February 3, 2020
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: PEOPLE'S UNITED BANK
About People's United Bank
All deposit accounts, were transferred to People's United Bank, Bridgeport, CT ("assuming institution"). Former Butler Bank locations reopened as branches of People's United Bank.
Your transferred deposits were separately insured from any accounts you may have already had at People's United Bank for at least six months after the failure of Butler Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with People's United Bank as long as the deposits are not pledged as collateral for loans.
Contacting People's United Bank
You can contact People's United Bank:
People's United Bank
850 Main Street
Bridgeport, CT 06604
People's United Bank (www.peoples.com)