Bank failure · CT
Citytrust (Bridgeport, CT) — failed August 9, 1991
Citytrust of Bridgeport, Connecticut was closed on August 9, 1991 and resolved through a purchase and assumption. Chase Manhattan Bank of Con (CT) took over its insured deposits. At failure it held $1.9B in assets and $1.8B in deposits. The FDIC's estimated loss on the failure is $511.1M (26.6% of assets).
- Closing date
- August 9, 1991
- FDIC certificate #
- 2531
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Chase Manhattan Bank of Con
- Insurance fund
- BIF
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