# CONNECTICUT VALLEY BANK

> **Failed bank** · CROMWELL, CT · failed 1991-10-18 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $9M

## What happened

CONNECTICUT VALLEY BANK of CROMWELL, CT was closed by regulators 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
- **Estimated FDIC DIF cost:** $9M
- **Deposits at failure:** $28M
- **Assets at failure:** $28M
- **Acquiring bank:** MIDCONN BANK (KENSINGTON, CT)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CONNECTICUT%20VALLEY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CONNECTICUT VALLEY BANK (FDIC ID 3222), failed 1991-10-18. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3222.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*