Bank failure · CT

Connecticut Savings Bank (New Haven, CT) — failed November 14, 1991

Connecticut Savings Bank of New Haven, Connecticut was closed on November 14, 1991 and resolved through a purchase and assumption. Centerbank (CT) took over its insured deposits. At failure it held $1.0B in assets and $897.7M in deposits. The FDIC's estimated loss on the failure is $203.5M (19.5% of assets).