# U.S. SAVINGS BANK OF AMERICA

> **Failed bank** · SEABROOK, NH · failed 1990-07-27 · SI · FDIC cost $2M

## What happened

U.S. SAVINGS BANK OF AMERICA of SEABROOK, NH was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $12M
- **Assets at failure:** $12M
- **Acquiring bank:** FAMILY SAVINGS BANK OF NEW (SEABROOK, NH)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=U.S.%20SAVINGS%20BANK%20OF%20AMERICA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, U.S. SAVINGS BANK OF AMERICA (FDIC ID 2857), failed 1990-07-27. Retrieved via AI Analytics 2026-05-24 from https://api.ai-analytics.org/failed-bank/2857.

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