Bank failure · CT
The Bank Mart (Bridgeport, CT) — failed December 13, 1991
The Bank Mart of Bridgeport, Connecticut was closed on December 13, 1991 and resolved through a purchase and assumption. Gateway Bank (CT) took over its insured deposits. At failure it held $578.2M in assets and $486.8M in deposits. The FDIC's estimated loss on the failure is $93.9M (16.2% of assets).
- Closing date
- December 13, 1991
- FDIC certificate #
- 17048
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Gateway Bank
- Insurance fund
- BIF
Other failures in 1991
- North Ridge Bank FL
- Investors FSB VA
- Federal Finance & Mortgage, Ltd HI
- Merchants National Bank MA
- Bank of East Hartford CT
- Granite Co-Operative Bank MA
- Saybrook Bank and Trust Company CT
- The Douglass Bank KS
- First National Bank of Miami FL
- Western Fs & LA IL
- Peoples Fsa IA
- Chase Savings & Loan PA
- White Horse Fs & LA NJ
- Durham Trust Company NH
- Alvarado National Bank TX
- Connecticut Savings Bank CT
- Worthington State Bank IN
- Delta FSB CA
- Cobb Fsa GA
- Community National Bank and Trust NY
- Marine View FSB NJ
- Union Bank TX
- Bank of the South LA
- The Private Bank & Trust, Nation FL