Bank failure · CT

Greenwood Bank of Bethel, Inc. (Bethel, CT) — failed November 6, 1992

Greenwood Bank of Bethel, Inc. of Bethel, Connecticut was closed on November 6, 1992 and resolved through a purchase and assumption. Union Sb of Danbury (CT) took over its insured deposits. At failure it held $33.3M in assets and $33.2M in deposits. The FDIC's estimated loss on the failure is $9.8M (29.4% of assets).