Bank failure · NH
Nashua Trust Company (Nashua, NH) — failed October 10, 1991
Nashua Trust Company of Nashua, New Hampshire was closed on October 10, 1991 and resolved through a purchase and assumption. First Nh Bank (NH) took over its insured deposits. At failure it held $425.1M in assets and $397.0M in deposits. The FDIC's estimated loss on the failure is $35.5M (8.3% of assets).
- Closing date
- October 10, 1991
- FDIC certificate #
- 11486
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Nh Bank
- Insurance fund
- BIF
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