Bank failure · NH

Bank Meridian, National Association (Hampton, NH) — failed October 10, 1991

Bank Meridian, National Association of Hampton, 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 $109.4M in assets and $105.4M in deposits. The FDIC's estimated loss on the failure is $8.2M (7.5% of assets).