THE HOUSATONIC BANK & TRUST CO Failed 1991

ANSONIA, CT · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE HOUSATONIC BANK & TRUST CO of ANSONIA, CT was closed on 1991-07-26. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to SHELTON SAVINGS BANK (SHELTON, CT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3149
FDIC Certificate
22325
FDIC FIN
4381
Bank name
THE HOUSATONIC BANK & TRUST CO
Location
ANSONIA, CT
Failure date
1991-07-26
FDIC resolution date
1991-07-26
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$13M
Deposits at failure
$64M
Assets at failure
$69M
Acquiring bank
SHELTON SAVINGS BANK (SHELTON, CT)