Bank failure · CT
Security Savings & Loan (Waterbury, CT) — failed April 12, 1991
Security Savings & Loan of Waterbury, Connecticut was closed on April 12, 1991 and resolved through a purchase and assumption. American Bank of Ct (CT) took over its insured deposits. At failure it held $143.2M in assets and $129.4M in deposits. The FDIC's estimated loss on the failure is $50.0M (34.9% of assets).
- Closing date
- April 12, 1991
- FDIC certificate #
- 32054
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- American Bank of Ct
- Insurance fund
- RTC
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