# MECHANICS AND FARMERS SAVINGS BANK

> **Failed bank** · BRIDGEPORT, CT · failed 1991-08-09 · Savings bank · FDIC cost $325M

## What happened

MECHANICS AND FARMERS SAVINGS BANK of BRIDGEPORT, CT was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- CITYTRUST (BRIDGEPORT, CT) — failed 1991-08-09 — /failed-bank/3155

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MECHANICS%20AND%20FARMERS%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MECHANICS AND FARMERS SAVINGS BANK (FDIC ID 3156), failed 1991-08-09. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3156.

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