Bank failure · NH

Seacoast Savings Bank (Dover, NH) — failed August 28, 1992

Seacoast Savings Bank of Dover, New Hampshire was closed on August 28, 1992 and resolved through a purchase and assumption (insured deposits). First S&la of New Hampsh (NH) took over its insured deposits. At failure it held $84.8M in assets and $64.8M in deposits. The FDIC's estimated loss on the failure is $7.1M (8.4% of assets).