Bank failure · CT

Fairfield County Trust Company (Stamford, CT) — failed April 9, 1992

Fairfield County Trust Company of Stamford, Connecticut was closed on April 9, 1992 and resolved through a purchase and assumption. Chase Manhattan Bk of Ct (CT) took over its insured deposits. At failure it held $132.4M in assets and $132.0M in deposits. The FDIC's estimated loss on the failure is $19.2M (14.5% of assets).