Bank failure · CT

The Norwalk Bank (Norwalk, CT) — failed April 24, 1992

The Norwalk Bank of Norwalk, Connecticut was closed on April 24, 1992 and resolved through a purchase and assumption. Bank of Darien (CT) took over its insured deposits. At failure it held $80.6M in assets and $77.2M in deposits. The FDIC's estimated loss on the failure is $17.4M (21.6% of assets).