NEW BEDFORD, Mass. -- NBB Bancorp said its New Bedford Institution for Savings had assumed the deposits of the failed Attleboro Pawtucket Savings Bank from the Federal Deposit Insurance Corp.

New Bedford also purchased certain assets. Attleboro Pawtucket, a mutual thrift with 11 offices in Rhode Island and eight in Massachusetts, had deposits of $575 million.

With the acquisition, NBB said, New Bedford became the largest savings bank in Massachusetts, with $2.3 billion in assets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.