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Bank failure · CT

The Landmark Bank (Hartford, CT) — failed March 28, 1991

The Landmark Bank of Hartford, Connecticut was closed on March 28, 1991 and resolved through a purchase and assumption. People'S Bank (CT) took over its insured deposits. At failure it held $227.9M in assets and $219.9M in deposits. The FDIC's estimated loss on the failure is $53.3M (23.4% of assets).

Closing date
March 28, 1991
FDIC certificate #
25817
Resolution
Purchase and assumption (failure)
Acquiring institution
People'S Bank
Insurance fund
BIF

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What happens when a bank fails