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Bank failure · CT

The Bank of Hartford (Hartford, CT) — failed June 10, 1994

The Bank of Hartford of Hartford, Connecticut was closed on June 10, 1994 and resolved through a purchase and assumption. Eagle Federal Savings Ba (CT) took over its insured deposits. At failure it held $321.5M in assets and $276.0M in deposits. The FDIC's estimated loss on the failure is $13.8M (4.3% of assets).

Closing date
June 10, 1994
FDIC certificate #
26909
Resolution
Purchase and assumption (failure)
Acquiring institution
Eagle Federal Savings Ba
Insurance fund
BIF

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What happens when a bank fails