THE NORWALK BANK Failed 1992

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

What happened

THE NORWALK BANK of NORWALK, CT was closed on 1992-04-24. The FDIC was named receiver.

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

Deposits were transferred to BANK OF DARIEN (DARIEN, CT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3312
FDIC Certificate
26971
FDIC FIN
4477
Bank name
THE NORWALK BANK
Location
NORWALK, CT
Failure date
1992-04-24
FDIC resolution date
1992-04-24
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.)
$17M
Deposits at failure
$77M
Assets at failure
$81M
Acquiring bank
BANK OF DARIEN (DARIEN, CT)