ATLANTIC TRUST COMPANY Failed 1992

NEWINGTON, NH · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

ATLANTIC TRUST COMPANY of NEWINGTON, NH was closed on 1992-01-30. The FDIC was named receiver.

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

Deposits were transferred to FLEET BANK-NH (NASHUA, NH). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3264
FDIC Certificate
25878
FDIC FIN
4443
Bank name
ATLANTIC TRUST COMPANY
Location
NEWINGTON, NH
Failure date
1992-01-30
FDIC resolution date
1992-01-30
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$6M
Deposits at failure
$23M
Assets at failure
$21M
Acquiring bank
FLEET BANK-NH (NASHUA, NH)