SECURITY SAVINGS & LOAN Failed 1991
What happened
SECURITY SAVINGS & LOAN of WATERBURY, CT was closed on 1991-04-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN BANK OF CT (WATERBURY, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3067
- FDIC Certificate
- 32054
- FDIC FIN
- 2192
- Bank name
- SECURITY SAVINGS & LOAN
- Location
- WATERBURY, CT
- Failure date
- 1991-04-12
- FDIC resolution date
- 1992-03-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $50M
- Deposits at failure
- $129M
- Assets at failure
- $143M
- Acquiring bank
- AMERICAN BANK OF CT (WATERBURY, CT)