Bank failure · NH

First Northern Coop (Keene, NH) — failed February 20, 1991

First Northern Coop of Keene, New Hampshire was closed on February 20, 1991 and resolved through a purchase and assumption. Granite Bank (NH) took over its insured deposits. At failure it held $114.6M in assets and $87.0M in deposits. The FDIC's estimated loss on the failure is $25.8M (22.5% of assets).