# HILLSBOROUGH BANK AND TRUST CO

> **Failed bank** · MILFORD, NH · failed 1991-08-30 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $24M

## What happened

HILLSBOROUGH BANK AND TRUST CO of MILFORD, NH was closed by regulators 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
- **Estimated FDIC DIF cost:** $24M
- **Deposits at failure:** $59M
- **Assets at failure:** $50M
- **Acquiring bank:** PETERBOROUGH SAVINGS BANK (PETERBOROUGH, NH)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HILLSBOROUGH%20BANK%20AND%20TRUST%20CO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HILLSBOROUGH BANK AND TRUST CO (FDIC ID 3174), failed 1991-08-30. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3174.

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