AMOSKEAG BANK Failed 1991
What happened
AMOSKEAG BANK of MANCHESTER, 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
- 3207
- FDIC Certificate
- 17178
- FDIC FIN
- 4411
- Bank name
- AMOSKEAG BANK
- Location
- MANCHESTER, NH
- Failure date
- 1991-10-10
- FDIC resolution date
- 1991-10-10
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $191M
- Deposits at failure
- $768M
- Assets at failure
- $937M
- Acquiring bank
- FIRST NH BANK (CONCORD, NH)
Other banks FIRST NH BANK acquired in FDIC resolutions