A Massachusetts Mutual Savings Bank can be too small to fail, thanks to the Depositor’s Insurance Fund. Unique to Massachusetts, the DIF fully covers all deposits above the FDIC’s $250,000 limit.
The catch is, a member bank’s total assets can’t exceed a certain amount. The DIF doesn’t disclose the limit, but one of the banks I worked with when managing my late parents’ Trust exceeded it a couple of years ago, and is no longer a member.
The bank is in the process of transitioning to a new CEO, who is interviewed starting at 42 minutes into this podcast. One of the interviewers is my old high school classmate, Tom Moroney.