Bank failure · CT

Vernon Bank (Vernon, CT) — failed June 26, 1992

Vernon Bank of Vernon, Connecticut was closed on June 26, 1992 and resolved through a purchase and assumption (insured deposits). Bank of South Windsor (CT) took over its insured deposits. At failure it held $34.3M in assets and $34.5M in deposits. The FDIC's estimated loss on the failure is $3.1M (9.1% of assets).