CONNECTICUT VALLEY BANK Failed 1991

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

What happened

CONNECTICUT VALLEY BANK of CROMWELL, 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 MIDCONN BANK (KENSINGTON, CT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3222
FDIC Certificate
27373
FDIC FIN
4414
Bank name
CONNECTICUT VALLEY BANK
Location
CROMWELL, CT
Failure date
1991-10-18
FDIC resolution date
1991-10-18
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.)
$9M
Deposits at failure
$28M
Assets at failure
$28M
Acquiring bank
MIDCONN BANK (KENSINGTON, CT)