NATIONAL INDUSTRIAL BANK OF CONNECTICUT Failed 1989
What happened
NATIONAL INDUSTRIAL BANK OF CONNECTICUT of MERIDEN, CT was closed on 1989-11-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTRAL BANK (MERIDEN, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2547
- FDIC Certificate
- 19114
- FDIC FIN
- 4117
- Bank name
- NATIONAL INDUSTRIAL BANK OF CONNECTICUT
- Location
- MERIDEN, CT
- Failure date
- 1989-11-09
- FDIC resolution date
- 1989-11-09
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $48M
- Assets at failure
- $47M
- Acquiring bank
- CENTRAL BANK (MERIDEN, CT)
Other banks CENTRAL BANK acquired in FDIC resolutions