Bank failure · CT
The Brooklyn Savings Bank (Danielson, CT) — failed October 19, 1990
The Brooklyn Savings Bank of Danielson, Connecticut was closed on October 19, 1990 and resolved through a purchase and assumption. Willimantic Savings Institu (CT) took over its insured deposits. At failure it held $130.9M in assets and $93.8M in deposits. The FDIC's estimated loss on the failure is $30.8M (23.5% of assets).
- Closing date
- October 19, 1990
- FDIC certificate #
- 18236
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Willimantic Savings Institu
- Insurance fund
- BIF
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