# COMMUNITY NATIONAL BANK AND TRUST

> **Failed bank** · NEW YORK, NY · failed 1991-11-07 · National commercial bank (OCC-chartered) · FDIC cost $96M

## What happened

COMMUNITY NATIONAL BANK AND TRUST of NEW YORK, NY was closed by the OCC 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
- **Estimated FDIC DIF cost:** $96M
- **Deposits at failure:** $354M
- **Assets at failure:** $334M
- **Acquiring bank:** CHEMICAL BANK (NEW YORK, NY)

## Other banks CHEMICAL BANK has acquired in FDIC resolutions

- CENTRAL FEDERAL SAVINGS (MINEOLA, NY) — failed 1990-12-07 — /failed-bank/2957

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMUNITY%20NATIONAL%20BANK%20AND%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY NATIONAL BANK AND TRUST (FDIC ID 3231), failed 1991-11-07. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3231.

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