Bank failure · NY

Community National Bank and Trust (New York, NY) — failed November 7, 1991

Community National Bank and Trust of New York, New York was closed on November 7, 1991 and resolved through a insured deposit transfer. Chemical Bank (NY) took over its insured deposits. At failure it held $333.8M in assets and $354.2M in deposits. The FDIC's estimated loss on the failure is $95.9M (28.7% of assets).