# CONNECTICUT BANK OF COMMERCE

> **Failed bank** · STAMFORD, CT · failed 2002-06-26 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $54M

## What happened

CONNECTICUT BANK OF COMMERCE of STAMFORD, CT was closed by regulators 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
- **Estimated FDIC DIF cost:** $54M
- **Deposits at failure:** $344M
- **Assets at failure:** $384M
- **Acquiring bank:** HUDSON UNITED BANK (MAHWAH, NJ)

## Other banks HUDSON UNITED BANK has acquired in FDIC resolutions

- BROADWAY BANK (PATERSON, NJ) — failed 1992-03-13 — /failed-bank/3287
- IRVING SAVINGS & LOAN (PATERSON, NJ) — failed 1991-01-18 — /failed-bank/2993
- PAN AMERICAN NATIONAL BANK (UNION CITY, NJ) — failed 1983-03-18 — /failed-bank/763

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CONNECTICUT BANK OF COMMERCE (FDIC ID 3541), failed 2002-06-26. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3541.

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