U.S. SAVINGS BANK OF AMERICA Failed 1990
What happened
U.S. SAVINGS BANK OF AMERICA of SEABROOK, NH was closed on 1990-07-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FAMILY SAVINGS BANK OF NEW (SEABROOK, NH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2857
- FDIC Certificate
- 25229
- FDIC FIN
- 4253
- Bank name
- U.S. SAVINGS BANK OF AMERICA
- Location
- SEABROOK, NH
- Failure date
- 1990-07-27
- FDIC resolution date
- 1990-07-27
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $12M
- Assets at failure
- $12M
- Acquiring bank
- FAMILY SAVINGS BANK OF NEW (SEABROOK, NH)