Bank failure · NH

U.S. Savings Bank of America (Seabrook, NH) — failed July 27, 1990

U.S. Savings Bank of America of Seabrook, New Hampshire was closed on July 27, 1990 and resolved through a purchase and assumption. Family Savings Bank of New (NH) took over its insured deposits. At failure it held $12.4M in assets and $12.1M in deposits. The FDIC's estimated loss on the failure is $1.5M (12.2% of assets).