Bank failure · CT

Colony Savings Bank (Wallingford, CT) — failed February 28, 1992

Colony Savings Bank of Wallingford, Connecticut was closed on February 28, 1992 and resolved through a purchase and assumption. New Haven Savings Bank (CT) took over its insured deposits. At failure it held $35.7M in assets and $32.8M in deposits. The FDIC's estimated loss on the failure is $5.7M (15.9% of assets).