Bank failure · CT
Suffield Bank (Suffield, CT) — failed September 6, 1991
Suffield Bank of Suffield, Connecticut was closed on September 6, 1991 and resolved through a purchase and assumption. First Federal Bank, FSB (CT) took over its insured deposits. At failure it held $294.8M in assets and $257.0M in deposits. The FDIC's estimated loss on the failure is $83.6M (28.4% of assets).
- Closing date
- September 6, 1991
- FDIC certificate #
- 18242
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Federal Bank, FSB
- Insurance fund
- BIF
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