CITYTRUST Failed 1991
What happened
CITYTRUST of BRIDGEPORT, CT was closed on 1991-08-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CHASE MANHATTAN BANK OF CON (BRIDGEPORT, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3155
- FDIC Certificate
- 2531
- FDIC FIN
- 4382
- Bank name
- CITYTRUST
- Location
- BRIDGEPORT, CT
- Failure date
- 1991-08-09
- FDIC resolution date
- 1991-08-09
- 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.)
- $511M
- Deposits at failure
- $1,808M
- Assets at failure
- $1,919M
- Acquiring bank
- CHASE MANHATTAN BANK OF CON (BRIDGEPORT, CT)
Other banks CHASE MANHATTAN BANK OF CON acquired in FDIC resolutions