# FIRST NORTHERN COOP

> **Failed bank** · KEENE, NH · failed 1991-02-20 · SL · FDIC cost $26M

## What happened

FIRST NORTHERN COOP of KEENE, NH was closed by state regulators 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
- **Estimated FDIC DIF cost:** $26M
- **Deposits at failure:** $87M
- **Assets at failure:** $115M
- **Acquiring bank:** GRANITE BANK (KEENE, NH)

## Other banks GRANITE BANK has acquired in FDIC resolutions

- DURHAM TRUST COMPANY (DURHAM, NH) — failed 1991-11-15 — /failed-bank/3237

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20NORTHERN%20COOP

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NORTHERN COOP (FDIC ID 3019), failed 1991-02-20. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/3019.

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