# CONNECTICUT SAVINGS BANK

> **Failed bank** · NEW HAVEN, CT · failed 1991-11-14 · SI · FDIC cost $203M

## What happened

CONNECTICUT SAVINGS BANK of NEW HAVEN, CT was closed by state regulators on **1991-11-14**. 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:** 3235
- **FDIC Certificate:** 18239
- **FDIC FIN:** 4424
- **Bank name:** CONNECTICUT SAVINGS BANK
- **Location:** NEW HAVEN, CT
- **Failure date:** 1991-11-14
- **FDIC resolution date:** 1991-11-14
- **Charter type:** SI
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $203M
- **Deposits at failure:** $898M
- **Assets at failure:** $1,045M
- **Acquiring bank:** CENTERBANK (WATERBURY, CT)

## Other banks CENTERBANK has acquired in FDIC resolutions

- FOUNDERS BANK (NEW HAVEN, CT) — failed 1995-07-28 — /failed-bank/3505
- CENTRAL BANK (MERIDEN, CT) — failed 1991-10-18 — /failed-bank/3220

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CONNECTICUT SAVINGS BANK (FDIC ID 3235), failed 1991-11-14. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3235.

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