GREENWOOD BANK OF BETHEL, INC. Failed 1992
What happened
GREENWOOD BANK OF BETHEL, INC. of BETHEL, CT was closed on 1992-11-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION SB OF DANBURY (DANBURY, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3407
- FDIC Certificate
- 27456
- FDIC FIN
- 4544
- Bank name
- GREENWOOD BANK OF BETHEL, INC.
- Location
- BETHEL, CT
- Failure date
- 1992-11-06
- FDIC resolution date
- 1992-11-06
- 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.)
- $10M
- Deposits at failure
- $33M
- Assets at failure
- $33M
- Acquiring bank
- UNION SB OF DANBURY (DANBURY, CT)