# FOUNDERS BANK

> **Failed bank** · NEW HAVEN, CT · failed 1995-07-28 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $10M

## What happened

FOUNDERS BANK of NEW HAVEN, CT was closed by regulators 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
- **Estimated FDIC DIF cost:** $10M
- **Deposits at failure:** $77M
- **Assets at failure:** $77M
- **Acquiring bank:** CENTERBANK (WATERBURY, CT)

## Other banks CENTERBANK has acquired in FDIC resolutions

- CONNECTICUT SAVINGS BANK (NEW HAVEN, CT) — failed 1991-11-14 — /failed-bank/3235
- CENTRAL BANK (MERIDEN, CT) — failed 1991-10-18 — /failed-bank/3220

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FOUNDERS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FOUNDERS BANK (FDIC ID 3505), failed 1995-07-28. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/3505.

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