Bank failure · NH
City Bank and Trust (Claremont, NH) — failed March 29, 1991
City Bank and Trust of Claremont, New Hampshire was closed on March 29, 1991 and resolved through a purchase and assumption. First Nh Bank (NH) took over its insured deposits. At failure it held $116.0M in assets and $119.4M in deposits. The FDIC's estimated loss on the failure is $40.6M (35.0% of assets).
- Closing date
- March 29, 1991
- FDIC certificate #
- 22487
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Nh Bank
- Insurance fund
- BIF
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