# SECURITY SAVINGS & LOAN

> **Failed bank** · WATERBURY, CT · failed 1991-04-12 · SL · FDIC cost $50M

## What happened

SECURITY SAVINGS & LOAN of WATERBURY, CT was closed by state regulators 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
- **Estimated FDIC DIF cost:** $50M
- **Deposits at failure:** $129M
- **Assets at failure:** $143M
- **Acquiring bank:** AMERICAN BANK OF CT (WATERBURY, CT)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SECURITY%20SAVINGS%20%26%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY SAVINGS & LOAN (FDIC ID 3067), failed 1991-04-12. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3067.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*