Bank failure · NH
Hillsborough Bank and Trust Co (Milford, NH) — failed August 30, 1991
Hillsborough Bank and Trust Co of Milford, New Hampshire was closed on August 30, 1991 and resolved through a purchase and assumption. Peterborough Savings Bank (NH) took over its insured deposits. At failure it held $49.9M in assets and $59.5M in deposits. The FDIC's estimated loss on the failure is $23.9M (47.9% of assets).
- Closing date
- August 30, 1991
- FDIC certificate #
- 26792
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Peterborough Savings Bank
- Insurance fund
- BIF
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