# COLONY SAVINGS BANK

> **Failed bank** · WALLINGFORD, CT · failed 1992-02-28 · SI · FDIC cost $6M

## What happened

COLONY SAVINGS BANK of WALLINGFORD, CT was closed by state regulators 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
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $33M
- **Assets at failure:** $36M
- **Acquiring bank:** NEW HAVEN SAVINGS BANK (NEW HAVEN, CT)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COLONY SAVINGS BANK (FDIC ID 3279), failed 1992-02-28. Retrieved via AI Analytics 2026-08-07 from https://api.ai-analytics.org/failed-bank/3279.

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