Bank failure · NH
Amoskeag Bank (Manchester, NH) — failed October 10, 1991
Amoskeag Bank of Manchester, New Hampshire was closed on October 10, 1991 and resolved through a purchase and assumption. First Nh Bank (NH) took over its insured deposits. At failure it held $937.3M in assets and $768.4M in deposits. The FDIC's estimated loss on the failure is $190.8M (20.4% of assets).
- Closing date
- October 10, 1991
- FDIC certificate #
- 17178
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Nh Bank
- Insurance fund
- BIF
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