THE MERIDEN TRUST AND SAFE DEPOSIT Failed 1994
What happened
THE MERIDEN TRUST AND SAFE DEPOSIT of MERIDEN, CT was closed on 1994-07-07. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to PEOPLE'S SAVINGS BANK & TRU (NEW BRITAIN, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3489
- FDIC Certificate
- 20442
- FDIC FIN
- 4612
- Bank name
- THE MERIDEN TRUST AND SAFE DEPOSIT
- Location
- MERIDEN, CT
- Failure date
- 1994-07-07
- FDIC resolution date
- 1994-11-07
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $0M
- Assets at failure
- $3M
- Acquiring bank
- PEOPLE'S SAVINGS BANK & TRU (NEW BRITAIN, CT)
- FDIC comments
- Least cost test not applicable as bank did not have insured deposits