THE SOMERSWORTH BANK Failed 1992
What happened
THE SOMERSWORTH BANK of SOMERSWORTH, NH was closed on 1992-06-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NEW DARTMOUTH BANK (MANCHESTER, NH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3350
- FDIC Certificate
- 6251
- FDIC FIN
- 4503
- Bank name
- THE SOMERSWORTH BANK
- Location
- SOMERSWORTH, NH
- Failure date
- 1992-06-26
- FDIC resolution date
- 1992-06-26
- 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.)
- $18M
- Deposits at failure
- $113M
- Assets at failure
- $114M
- Acquiring bank
- NEW DARTMOUTH BANK (MANCHESTER, NH)
Other banks NEW DARTMOUTH BANK acquired in FDIC resolutions