COLONY SAVINGS BANK Failed 1992
What happened
COLONY SAVINGS BANK of WALLINGFORD, CT was closed on 1992-02-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NEW HAVEN SAVINGS BANK (NEW HAVEN, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3279
- FDIC Certificate
- 26364
- FDIC FIN
- 4456
- Bank name
- COLONY SAVINGS BANK
- Location
- WALLINGFORD, CT
- Failure date
- 1992-02-28
- FDIC resolution date
- 1992-02-28
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $33M
- Assets at failure
- $36M
- Acquiring bank
- NEW HAVEN SAVINGS BANK (NEW HAVEN, CT)