# SAYBROOK BANK AND TRUST COMPANY

> **Failed bank** · OLD SAYBROOK, CT · failed 1991-12-06 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $19M

## What happened

SAYBROOK BANK AND TRUST COMPANY of OLD SAYBROOK, CT was closed by regulators on **1991-12-06**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **THE NEW HAVEN SAVINGS BANK** (NEW HAVEN, CT). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3244
- **FDIC Certificate:** 25128
- **FDIC FIN:** 4429
- **Bank name:** SAYBROOK BANK AND TRUST COMPANY
- **Location:** OLD SAYBROOK, CT
- **Failure date:** 1991-12-06
- **FDIC resolution date:** 1991-12-06
- **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:** $19M
- **Deposits at failure:** $78M
- **Assets at failure:** $77M
- **Acquiring bank:** THE NEW HAVEN SAVINGS BANK (NEW HAVEN, CT)

## Other banks THE NEW HAVEN SAVINGS BANK has acquired in FDIC resolutions

- HARBOR NATIONAL BANK OF CONNECTICUT (BRANFORD, CT) — failed 1991-10-03 — /failed-bank/3204

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SAYBROOK BANK AND TRUST COMPANY (FDIC ID 3244), failed 1991-12-06. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3244.

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