WHITNEY BANK AND TRUST Failed 1991

What happened

WHITNEY BANK AND TRUST of HAMDEN, CT was closed on 1991-04-12. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to FIRST CONSTITUTION BANK (NEW HAVEN, CT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3066

FDIC Certificate

27315

FDIC FIN

4342

Bank name

WHITNEY BANK AND TRUST

Location

HAMDEN, CT

Failure date

1991-04-12

FDIC resolution date

1991-04-12

Charter type

State commercial bank, non-Federal Reserve member (FDIC-supervised)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$30M

Deposits at failure

$49M

Assets at failure

$41M

Acquiring bank

FIRST CONSTITUTION BANK (NEW HAVEN, CT)