FAIRFIELD FIRST BANK & TRUST CO Failed 1996

SOUTHPORT, CT · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FAIRFIELD FIRST BANK & TRUST CO of SOUTHPORT, CT was closed on 1996-07-12. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to NORWALK SAVINGS SOCIETY (NORWALK, CT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3509
FDIC Certificate
26431
FDIC FIN
4628
Bank name
FAIRFIELD FIRST BANK & TRUST CO
Location
SOUTHPORT, CT
Failure date
1996-07-12
FDIC resolution date
1996-07-12
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$6M
Deposits at failure
$57M
Assets at failure
$57M
Acquiring bank
NORWALK SAVINGS SOCIETY (NORWALK, CT)