# COMMUNITY FEDERAL SAVINGS ASSOC.

> **Failed bank** · BRIDGEPORT, CT · failed 1989-12-07 · SL · FDIC cost $5M

## What happened

COMMUNITY FEDERAL SAVINGS ASSOC. of BRIDGEPORT, CT was closed by state regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $50M
- **Assets at failure:** $58M
- **Acquiring bank:** UNION TRUST CO. (STAMFORD, CT)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMUNITY%20FEDERAL%20SAVINGS%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY FEDERAL SAVINGS ASSOC. (FDIC ID 2581), failed 1989-12-07. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/2581.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*