COMMUNITY NATIONAL BANK AND TRUST Failed 1991
What happened
COMMUNITY NATIONAL BANK AND TRUST of NEW YORK, NY was closed on 1991-11-07. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to CHEMICAL BANK (NEW YORK, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3231
- FDIC Certificate
- 19519
- FDIC FIN
- 4423
- Bank name
- COMMUNITY NATIONAL BANK AND TRUST
- Location
- NEW YORK, NY
- Failure date
- 1991-11-07
- FDIC resolution date
- 1991-11-07
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $96M
- Deposits at failure
- $354M
- Assets at failure
- $334M
- Acquiring bank
- CHEMICAL BANK (NEW YORK, NY)
Other banks CHEMICAL BANK acquired in FDIC resolutions