# SUMMIT NATIONAL BANK

> **Failed bank** · TORRINGTON, CT · failed 1992-04-03 · National commercial bank (OCC-chartered) · FDIC cost $23M

## What happened

SUMMIT NATIONAL BANK of TORRINGTON, CT was closed by the OCC on **1992-04-03**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **AMERICAN BANK OF CONNECT** (WATERBURY, CT). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3303
- **FDIC Certificate:** 26447
- **FDIC FIN:** 4471
- **Bank name:** SUMMIT NATIONAL BANK
- **Location:** TORRINGTON, CT
- **Failure date:** 1992-04-03
- **FDIC resolution date:** 1992-04-03
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $23M
- **Deposits at failure:** $90M
- **Assets at failure:** $91M
- **Acquiring bank:** AMERICAN BANK OF CONNECT (WATERBURY, CT)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SUMMIT NATIONAL BANK (FDIC ID 3303), failed 1992-04-03. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/3303.

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