Bank failure · CT

Community National Bank (Glastonbury, CT) — failed January 11, 1991

Community National Bank of Glastonbury, Connecticut was closed on January 11, 1991 and resolved through a purchase and assumption. Fleet Bank of Connecticut (CT) took over its insured deposits. At failure it held $85.4M in assets and $86.9M in deposits. The FDIC's estimated loss on the failure is $26.6M (31.2% of assets).