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Brookline Bank to stop insuring deposits over $250K

Greg Ryan
Brookline Bank to stop insuring deposits over $250K

Most banks in Massachusetts insure all deposits. Most banks in the U.S. insure deposits up to $250,000 through the FDIC. Soon, Brookline will leave the first group for the second. It’s only the fourth time in the insurance fund’s 85-year history that a bank has left the program.