Bank failure · NH
The Somersworth Bank (Somersworth, NH) — failed June 26, 1992
The Somersworth Bank of Somersworth, New Hampshire was closed on June 26, 1992 and resolved through a purchase and assumption. New Dartmouth Bank (NH) took over its insured deposits. At failure it held $114.1M in assets and $113.5M in deposits. The FDIC's estimated loss on the failure is $18.4M (16.2% of assets).
- Closing date
- June 26, 1992
- FDIC certificate #
- 6251
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- New Dartmouth Bank
- Insurance fund
- BIF
Other failures in 1992
- The Bremen State Bank KS
- The Rushville National Bank IN
- Eastland Savings Bank RI
- Eastland Bank RI
- Meritor Savings Bank PA
- Sailors & Merchants B&t Co. VA
- Citizens State Bank TX
- Palm Beach Fsa FL
- Carteret FSB NJ
- Security Federal NJ
- Burritt Interfinancial Bancorporation CT
- Huntington Pacific Thrift & Loan CA
- Heritage Bank for Savings MA
- Second National, FSB MD
- The Merchants Bank MO
- Crestline Fs & LA OH
- Polifly Fs & LA NJ
- Irving Fb for Savings IL
- The Overland Park Fs & LA KS
- Statewide Thrift and Loan Co. CA
- Investors Bank and Trust Company LA
- First New York Bank for Business NY
- Metro North State Bank MO
- Guaranty-First Trust Company MA