Bank failure · CT

Burritt Interfinancial Bancorporation (New Britain, CT) — failed December 4, 1992

Burritt Interfinancial Bancorporation of New Britain, Connecticut was closed on December 4, 1992 and resolved through a purchase and assumption (insured deposits). Derby Savings Bank (CT) took over its insured deposits. At failure it held $523.9M in assets and $506.0M in deposits. The FDIC's estimated loss on the failure is $79.0M (15.1% of assets).