FIRST NORTHERN COOP Failed 1991
What happened
FIRST NORTHERN COOP of KEENE, NH was closed on 1991-02-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GRANITE BANK (KEENE, NH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3019
- FDIC Certificate
- 29370
- FDIC FIN
- 7385
- Bank name
- FIRST NORTHERN COOP
- Location
- KEENE, NH
- Failure date
- 1991-02-20
- FDIC resolution date
- 1991-08-02
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $26M
- Deposits at failure
- $87M
- Assets at failure
- $115M
- Acquiring bank
- GRANITE BANK (KEENE, NH)
Other banks GRANITE BANK acquired in FDIC resolutions