Bank failure · CT

Connecticut Valley Bank (Cromwell, CT) — failed October 18, 1991

Connecticut Valley Bank of Cromwell, Connecticut was closed on October 18, 1991 and resolved through a purchase and assumption. Midconn Bank (CT) took over its insured deposits. At failure it held $28.4M in assets and $27.9M in deposits. The FDIC's estimated loss on the failure is $8.6M (30.3% of assets).