FIRST NATIONAL BANK OF VERMONT Failed 1993
What happened
FIRST NATIONAL BANK OF VERMONT of BRADFORD, VT was closed on 1993-01-29. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to NEW FIRST NB OF VERMONT (BRADFORD, VT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3434
- FDIC Certificate
- 6290
- FDIC FIN
- 4562
- Bank name
- FIRST NATIONAL BANK OF VERMONT
- Location
- BRADFORD, VT
- Failure date
- 1993-01-29
- FDIC resolution date
- 1993-06-04
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $26M
- Deposits at failure
- $282M
- Assets at failure
- $296M
- Acquiring bank
- NEW FIRST NB OF VERMONT (BRADFORD, VT)