Bank failure · NH

Bankeast (Manchester, NH) — failed October 10, 1991

Bankeast 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 $816.8M in assets and $631.6M in deposits. The FDIC's estimated loss on the failure is $64.4M (7.9% of assets).