FIRST CONSTITUTION BANK Failed 1992
What happened
FIRST CONSTITUTION BANK of NEW HAVEN, CT was closed on 1992-10-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FEDERAL BANK A FSB (WATERBURY, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3380
- FDIC Certificate
- 27160
- FDIC FIN
- 4521
- Bank name
- FIRST CONSTITUTION BANK
- Location
- NEW HAVEN, CT
- Failure date
- 1992-10-02
- FDIC resolution date
- 1992-10-02
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $126M
- Deposits at failure
- $1,351M
- Assets at failure
- $1,571M
- Acquiring bank
- FIRST FEDERAL BANK A FSB (WATERBURY, CT)
Other banks FIRST FEDERAL BANK A FSB acquired in FDIC resolutions