Bank failure · CT
National Industrial Bank of Connecticut (Meriden, CT) — failed November 9, 1989
National Industrial Bank of Connecticut of Meriden, Connecticut was closed on November 9, 1989 and resolved through a purchase and assumption. Central Bank (CT) took over its insured deposits. At failure it held $46.5M in assets and $48.3M in deposits. The FDIC's estimated loss on the failure is $5.3M (11.5% of assets).
- Closing date
- November 9, 1989
- FDIC certificate #
- 19114
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Central Bank
- Insurance fund
- BIF
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