Bank failure · VT

First National Bank of Vermont (Bradford, VT) — failed January 29, 1993

First National Bank of Vermont of Bradford, Vermont was closed on January 29, 1993 and resolved through a purchase and assumption (insured deposits). New First Nb of Vermont (VT) took over its insured deposits. At failure it held $295.8M in assets and $282.4M in deposits. The FDIC's estimated loss on the failure is $25.5M (8.6% of assets).