Bank failure · CT
The Housatonic Bank & Trust Co (Ansonia, CT) — failed July 26, 1991
The Housatonic Bank & Trust Co of Ansonia, Connecticut was closed on July 26, 1991 and resolved through a purchase and assumption. Shelton Savings Bank (CT) took over its insured deposits. At failure it held $69.1M in assets and $64.1M in deposits. The FDIC's estimated loss on the failure is $13.4M (19.4% of assets).
- Closing date
- July 26, 1991
- FDIC certificate #
- 22325
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Shelton Savings Bank
- Insurance fund
- BIF
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