Bank failure · CT

The Connecticut Bank & Trust Co (Hartford, CT) — failed January 6, 1991

The Connecticut Bank & Trust Co of Hartford, Connecticut was closed on January 6, 1991 and resolved through a purchase and assumption. New Connecticut Bank & Trus (CT) took over its insured deposits. At failure it held $7.2B in assets and $6.9B in deposits. The FDIC's estimated loss on the failure is $151.1M (2.1% of assets).