HILLSBOROUGH BANK AND TRUST CO Failed 1991

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

What happened

HILLSBOROUGH BANK AND TRUST CO of MILFORD, NH was closed on 1991-08-30. The FDIC was named receiver.

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

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

Key facts

FDIC ID
3174
FDIC Certificate
26792
FDIC FIN
4392
Bank name
HILLSBOROUGH BANK AND TRUST CO
Location
MILFORD, NH
Failure date
1991-08-30
FDIC resolution date
1991-08-30
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.)
$24M
Deposits at failure
$59M
Assets at failure
$50M
Acquiring bank
PETERBOROUGH SAVINGS BANK (PETERBOROUGH, NH)