TellerScore

Bank failure · NH

New Hampshire Savings Bank (Concord, NH) — failed October 10, 1991

New Hampshire Savings Bank of Concord, New Hampshire was closed on October 10, 1991 and resolved through a purchase and assumption. New Dartmouth Bank (NH) took over its insured deposits. At failure it held $1.2B in assets and $947.2M in deposits. The FDIC's estimated loss on the failure is $229.7M (19.6% of assets).

Closing date
October 10, 1991
FDIC certificate #
27287
Resolution
Purchase and assumption (failure)
Acquiring institution
New Dartmouth Bank
Insurance fund
BIF

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What happens when a bank fails