CONNECTICUT BANK OF COMMERCE Failed 2002
What happened
CONNECTICUT BANK OF COMMERCE of STAMFORD, CT was closed on 2002-06-26. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to HUDSON UNITED BANK (MAHWAH, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3541
- FDIC Certificate
- 19183
- FDIC FIN
- 4656
- Bank name
- CONNECTICUT BANK OF COMMERCE
- Location
- STAMFORD, CT
- Failure date
- 2002-06-26
- FDIC resolution date
- 2002-06-26
- 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.)
- $54M
- Deposits at failure
- $344M
- Assets at failure
- $384M
- Acquiring bank
- HUDSON UNITED BANK (MAHWAH, NJ)
Other banks HUDSON UNITED BANK acquired in FDIC resolutions