Bank failure · CT
Community Federal Savings Assoc. (Bridgeport, CT) — failed December 7, 1989
Community Federal Savings Assoc. of Bridgeport, Connecticut was closed on December 7, 1989 and resolved through a insured deposit transfer. Union Trust Co. (CT) took over its insured deposits. At failure it held $58.3M in assets and $50.3M in deposits. The FDIC's estimated loss on the failure is $4.8M (8.3% of assets).
- Closing date
- December 7, 1989
- FDIC certificate #
- 31714
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Union Trust Co.
- Insurance fund
- RTC
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