FAIRFIELD COUNTY TRUST COMPANY Failed 1992

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

What happened

FAIRFIELD COUNTY TRUST COMPANY of STAMFORD, CT was closed on 1992-04-09. The FDIC was named receiver.

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

Deposits were transferred to CHASE MANHATTAN BK OF CT (BRIDGEPORT, CT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3307
FDIC Certificate
23860
FDIC FIN
4474
Bank name
FAIRFIELD COUNTY TRUST COMPANY
Location
STAMFORD, CT
Failure date
1992-04-09
FDIC resolution date
1992-04-09
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.)
$19M
Deposits at failure
$132M
Assets at failure
$132M
Acquiring bank
CHASE MANHATTAN BK OF CT (BRIDGEPORT, CT)