COMMUNITY FEDERAL SAVINGS ASSOC. Failed 1989
What happened
COMMUNITY FEDERAL SAVINGS ASSOC. of BRIDGEPORT, CT was closed on 1989-12-07. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to UNION TRUST CO. (STAMFORD, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2581
- FDIC Certificate
- 31714
- FDIC FIN
- 7170
- Bank name
- COMMUNITY FEDERAL SAVINGS ASSOC.
- Location
- BRIDGEPORT, CT
- Failure date
- 1989-12-07
- FDIC resolution date
- 1990-09-14
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $50M
- Assets at failure
- $58M
- Acquiring bank
- UNION TRUST CO. (STAMFORD, CT)