BURRITT INTERFINANCIAL BANCORPORATION Failed 1992
What happened
BURRITT INTERFINANCIAL BANCORPORATION of NEW BRITAIN, CT was closed on 1992-12-04. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to DERBY SAVINGS BANK (DERBY, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3419
- FDIC Certificate
- 18245
- FDIC FIN
- 4551
- Bank name
- BURRITT INTERFINANCIAL BANCORPORATION
- Location
- NEW BRITAIN, CT
- Failure date
- 1992-12-04
- FDIC resolution date
- 1992-12-04
- Charter type
- SI
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $79M
- Deposits at failure
- $506M
- Assets at failure
- $524M
- Acquiring bank
- DERBY SAVINGS BANK (DERBY, CT)