SUFFIELD BANK Failed 1991
What happened
SUFFIELD BANK of SUFFIELD, CT was closed on 1991-09-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FEDERAL BANK, FSB (WATERBURY, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3179
- FDIC Certificate
- 18242
- FDIC FIN
- 4395
- Bank name
- SUFFIELD BANK
- Location
- SUFFIELD, CT
- Failure date
- 1991-09-06
- FDIC resolution date
- 1991-09-06
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $84M
- Deposits at failure
- $257M
- Assets at failure
- $295M
- Acquiring bank
- FIRST FEDERAL BANK, FSB (WATERBURY, CT)