Bank failure · CT

Central Bank (Meriden, CT) — failed October 18, 1991

Central Bank of Meriden, Connecticut was closed on October 18, 1991 and resolved through a purchase and assumption. Centerbank (CT) took over its insured deposits. At failure it held $654.7M in assets and $627.9M in deposits. The FDIC's estimated loss on the failure is $242.1M (37.0% of assets).