NASHUA TRUST COMPANY Failed 1991
What happened
NASHUA TRUST COMPANY of NASHUA, NH was closed on 1991-10-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NH BANK (CONCORD, NH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3205
- FDIC Certificate
- 11486
- FDIC FIN
- 4407
- Bank name
- NASHUA TRUST COMPANY
- Location
- NASHUA, NH
- Failure date
- 1991-10-10
- FDIC resolution date
- 1991-10-10
- 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.)
- $35M
- Deposits at failure
- $397M
- Assets at failure
- $425M
- Acquiring bank
- FIRST NH BANK (CONCORD, NH)
Other banks FIRST NH BANK acquired in FDIC resolutions