# FIRST ALLIANCE BANK AND TRUST CO

> **Failed bank** · MANCHESTER, NH · failed 2001-02-02 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

FIRST ALLIANCE BANK AND TRUST CO of MANCHESTER, NH was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $17M
- **Assets at failure:** $17M
- **Acquiring bank:** SOUTHERN NEW HAMPSHIRE BANK (SALEM, NH)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20ALLIANCE%20BANK%20AND%20TRUST%20CO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST ALLIANCE BANK AND TRUST CO (FDIC ID 3531), failed 2001-02-02. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3531.

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