CENTRAL BANK Failed 1991
What happened
CENTRAL BANK of MERIDEN, CT was closed on 1991-10-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTERBANK (WATERBURY, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3220
- FDIC Certificate
- 17822
- FDIC FIN
- 4413
- Bank name
- CENTRAL BANK
- Location
- MERIDEN, CT
- Failure date
- 1991-10-18
- FDIC resolution date
- 1991-10-18
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $242M
- Deposits at failure
- $628M
- Assets at failure
- $655M
- Acquiring bank
- CENTERBANK (WATERBURY, CT)
Other banks CENTERBANK acquired in FDIC resolutions