FOUNDERS BANK Failed 1995
What happened
FOUNDERS BANK of NEW HAVEN, CT was closed on 1995-07-28. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to CENTERBANK (WATERBURY, CT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3505
- FDIC Certificate
- 26187
- FDIC FIN
- 4623
- Bank name
- FOUNDERS BANK
- Location
- NEW HAVEN, CT
- Failure date
- 1995-07-28
- FDIC resolution date
- 1995-07-28
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $77M
- Assets at failure
- $77M
- Acquiring bank
- CENTERBANK (WATERBURY, CT)
Other banks CENTERBANK acquired in FDIC resolutions