THE FAMILY BANK AND TRUST Failed 1991

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

What happened

THE FAMILY BANK AND TRUST of ALLENSTOWN, NH was closed on 1991-09-06. The FDIC was named receiver.

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

Deposits were transferred to THE VALLEY BANK (HILLSBOROUGH, NH). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3180
FDIC Certificate
23679
FDIC FIN
4396
Bank name
THE FAMILY BANK AND TRUST
Location
ALLENSTOWN, NH
Failure date
1991-09-06
FDIC resolution date
1991-09-06
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.)
$10M
Deposits at failure
$47M
Assets at failure
$47M
Acquiring bank
THE VALLEY BANK (HILLSBOROUGH, NH)