Bank failure · NH

First Alliance Bank and Trust Co (Manchester, NH) — failed February 2, 2001

First Alliance Bank and Trust Co of Manchester, New Hampshire was closed on February 2, 2001 and resolved through a purchase and assumption. Southern New Hampshire Bank (NH) took over its insured deposits. At failure it held $17.4M in assets and $16.9M in deposits. The FDIC's estimated loss on the failure is $817K (4.7% of assets).