# THE MERCHANTS BANK AND TRUST CO

> **Failed bank** · NORWALK, CT · failed 1991-02-01 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $88M

## What happened

THE MERCHANTS BANK AND TRUST CO of NORWALK, CT was closed by regulators on **1991-02-01**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **UNION TRUST COMPANY** (STAMFORD, CT). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3005
- **FDIC Certificate:** 11272
- **FDIC FIN:** 4319
- **Bank name:** THE MERCHANTS BANK AND TRUST CO
- **Location:** NORWALK, CT
- **Failure date:** 1991-02-01
- **FDIC resolution date:** 1991-02-01
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $88M
- **Deposits at failure:** $269M
- **Assets at failure:** $270M
- **Acquiring bank:** UNION TRUST COMPANY (STAMFORD, CT)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20MERCHANTS%20BANK%20AND%20TRUST%20CO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE MERCHANTS BANK AND TRUST CO (FDIC ID 3005), failed 1991-02-01. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/failed-bank/3005.

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