VERNON BANK Failed 1992
What happened
VERNON BANK of VERNON, CT was closed on 1992-06-26. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to BANK OF SOUTH WINDSOR (SOUTH WINDSOR, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3352
- FDIC Certificate
- 27402
- FDIC FIN
- 4504
- Bank name
- VERNON BANK
- Location
- VERNON, CT
- Failure date
- 1992-06-26
- FDIC resolution date
- 1992-06-26
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $35M
- Assets at failure
- $34M
- Acquiring bank
- BANK OF SOUTH WINDSOR (SOUTH WINDSOR, CT)
Other banks BANK OF SOUTH WINDSOR acquired in FDIC resolutions