FIRST ALLIANCE BANK AND TRUST CO Failed 2001

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

What happened

FIRST ALLIANCE BANK AND TRUST CO of MANCHESTER, NH was closed on 2001-02-02. The FDIC was named receiver.

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

Deposits were transferred to SOUTHERN NEW HAMPSHIRE BANK (SALEM, NH). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3531
FDIC Certificate
34264
FDIC FIN
4647
Bank name
FIRST ALLIANCE BANK AND TRUST CO
Location
MANCHESTER, NH
Failure date
2001-02-02
FDIC resolution date
2001-02-02
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.)
$1M
Deposits at failure
$17M
Assets at failure
$17M
Acquiring bank
SOUTHERN NEW HAMPSHIRE BANK (SALEM, NH)