THE BROOKLYN SAVINGS BANK Failed 1990
What happened
THE BROOKLYN SAVINGS BANK of DANIELSON, CT was closed on 1990-10-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WILLIMANTIC SAVINGS INSTITU (WILLIMANTIC, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2919
- FDIC Certificate
- 18236
- FDIC FIN
- 4285
- Bank name
- THE BROOKLYN SAVINGS BANK
- Location
- DANIELSON, CT
- Failure date
- 1990-10-19
- FDIC resolution date
- 1990-10-19
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $31M
- Deposits at failure
- $94M
- Assets at failure
- $131M
- Acquiring bank
- WILLIMANTIC SAVINGS INSTITU (WILLIMANTIC, CT)