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Bank failure · CT

Bank of East Hartford (East Hartford, CT) — failed December 13, 1991

Bank of East Hartford of East Hartford, Connecticut was closed on December 13, 1991 and resolved through a purchase and assumption. Bank of South Windsor (CT) took over its insured deposits. At failure it held $36.6M in assets and $38.4M in deposits. The FDIC's estimated loss on the failure is $12.9M (35.2% of assets).

Closing date
December 13, 1991
FDIC certificate #
27151
Resolution
Purchase and assumption (failure)
Acquiring institution
Bank of South Windsor
Insurance fund
BIF

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What happens when a bank fails