MECHANICS AND FARMERS SAVINGS BANK Failed 1991
What happened
MECHANICS AND FARMERS SAVINGS BANK 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
- 3156
- FDIC Certificate
- 18256
- FDIC FIN
- 4383
- Bank name
- MECHANICS AND FARMERS SAVINGS BANK
- Location
- BRIDGEPORT, CT
- Failure date
- 1991-08-09
- FDIC resolution date
- 1991-08-09
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $325M
- Deposits at failure
- $904M
- Assets at failure
- $1,084M
- Acquiring bank
- CHASE MANHATTAN BANK OF CON (BRIDGEPORT, CT)
Other banks CHASE MANHATTAN BANK OF CON acquired in FDIC resolutions
- CITYTRUST (BRIDGEPORT, CT) — failed 1991-08-09