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Failures by State

Bank Failures in Connecticut

47 FDIC-insured banks headquartered in Connecticut have failed since 1936. The most recent was The Community's Bank on September 13, 2013. The worst year was 1991, with 20 failures. Failed banks held $19.27B in assets at closing.

47
Failures
1936 to 2013
$19.27B
Failed assets
At closing
$2.63B
Estimated DIF loss
FDIC estimate
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Largest bank failures in Connecticut

Date Bank City Assets Acquirer or resolution
Jan 6, 1991 The Connecticut Bank & Trust Co Hartford $7.21B New Connecticut Bank & Trus
Aug 9, 1991 Citytrust Bridgeport $1.92B Chase Manhattan Bank of Con
Oct 2, 1992 First Constitution Bank New Haven $1.57B First Federal Bank a FSB
Aug 9, 1991 Mechanics and Farmers Savings Bank Bridgeport $1.08B Chase Manhattan Bank of Con
Nov 14, 1991 Connecticut Savings Bank New Haven $1.04B Centerbank
May 21, 1993 New England Savings Bank New London $914.9M Citizens Savings Bank
Oct 18, 1991 Central Bank Meriden $654.7M Centerbank
Dec 13, 1991 The Bank Mart Bridgeport $578.2M Gateway Bank
Dec 4, 1992 Burritt Interfinancial Bancorporation New Britain $523.9M Derby Savings Bank
Jun 26, 2002 Connecticut Bank of Commerce Stamford $384.2M Hudson United Bank

Connecticut bank failures by year

Year Failures Failed assets
2013 1 $26.4M
2002 1 $384.2M
1996 1 $57.3M
1995 1 $77.4M
1994 2 $324.7M
1993 1 $914.9M
1992 11 $2.88B
1991 20 $14.09B
1990 3 $255.8M
1989 3 $250.4M
1977 1 $4.3M
1939 1 $380K
1936 1 $1.2M

Every bank failure in Connecticut

Date Bank City Assets Acquirer or resolution
Sep 13, 2013 The Community's Bank Bridgeport $26.4M —
Jun 26, 2002 Connecticut Bank of Commerce Stamford $384.2M Hudson United Bank
Jul 12, 1996 Fairfield First Bank & Trust Co Southport $57.3M Norwalk Savings Society
Jul 28, 1995 Founders Bank New Haven $77.4M Centerbank
Jul 7, 1994 The Meriden Trust and Safe Deposit Meriden $3.2M People's Savings Bank & Tru
Jun 10, 1994 The Bank of Hartford Hartford $321.5M Eagle Federal Savings Ba
May 21, 1993 New England Savings Bank New London $914.9M Citizens Savings Bank
Dec 4, 1992 Burritt Interfinancial Bancorporation New Britain $523.9M Derby Savings Bank
Nov 6, 1992 Greenwood Bank of Bethel, Inc. Bethel $33.3M Union SB of Danbury
Oct 2, 1992 First Constitution Bank New Haven $1.57B First Federal Bank a FSB
Jun 26, 1992 Vernon Bank Vernon $34.3M Bank of South Windsor
Jun 19, 1992 Coastal FSB New London $238.2M Branch sale
May 8, 1992 Brookfield Bank Brookfield $60.7M Bristol Federal Savings
Apr 24, 1992 The Norwalk Bank Norwalk $80.6M Bank of Darien
Apr 9, 1992 Fairfield County Trust Company Stamford $132.4M Chase Manhattan BK of CT
Apr 3, 1992 Summit National Bank Torrington $91.4M American Bank of Connect
Feb 28, 1992 Colony Savings Bank Wallingford $35.7M New Haven Savings Bank
Jan 31, 1992 Sentinel Bank Hartford $74.8M Society for Savings
Dec 13, 1991 The Bank Mart Bridgeport $578.2M Gateway Bank
Dec 13, 1991 Bank of East Hartford East Hartford $36.6M Bank of South Windsor
Dec 6, 1991 Saybrook Bank and Trust Company Old Saybrook $77.3M The New Haven Savings Bank
Nov 14, 1991 Connecticut Savings Bank New Haven $1.04B Centerbank
Oct 18, 1991 Central Bank Meriden $654.7M Centerbank
Oct 18, 1991 Connecticut Valley Bank Cromwell $28.4M Midconn Bank
Oct 3, 1991 Harbor National Bank of Connecticut Branford $22.9M The New Haven Savings Bank
Sep 6, 1991 Suffield Bank Suffield $294.8M First Federal Bank, FSB
Aug 16, 1991 Enfield National Bank Enfield $19.0M Savings Institute
Aug 9, 1991 Citytrust Bridgeport $1.92B Chase Manhattan Bank of Con
Aug 9, 1991 Mechanics and Farmers Savings Bank Bridgeport $1.08B Chase Manhattan Bank of Con
Jul 26, 1991 The Housatonic Bank & Trust Co Ansonia $69.1M Shelton Savings Bank
Jul 12, 1991 Danburry Savings & Loan Danbury $270.2M Bristol FSB
Apr 12, 1991 Security Savings & Loan Waterbury $143.2M American Bank of CT
Apr 12, 1991 Whitney Bank and Trust Hamden $40.6M First Constitution Bank
Mar 28, 1991 The Landmark Bank Hartford $227.9M People's Bank
Feb 1, 1991 The Merchants Bank and Trust Co Norwalk $269.9M Union Trust Company
Jan 11, 1991 Community National Bank Glastonbury $85.4M Fleet Bank of Connecticut
Jan 11, 1991 Connecticut Savings and Loan Hartford $17.4M Bank of Boston Ct/bboc
Jan 6, 1991 The Connecticut Bank & Trust Co Hartford $7.21B New Connecticut Bank & Trus
Oct 19, 1990 The Brooklyn Savings Bank Danielson $130.9M Willimantic Savings Institu
Aug 17, 1990 Financial Savings of Hartford FSB Hartford $21.9M Northeast Savings, F.A.
Jun 29, 1990 Charter Savings & Loan Stamford $103.0M Greenwich FS&LA
Dec 7, 1989 Community Federal Savings Assoc. Bridgeport $58.3M Union Trust Co.
Nov 9, 1989 National Industrial Bank of Connecticut Meriden $46.5M Central Bank
Feb 17, 1989 Columbia FED. Savings Bank Westport $145.6M Gateway Bank
Mar 28, 1977 The Monroe Bank and Trust Company Monroe $4.3M —
Jun 24, 1939 The Plantsville National Bank Plantsville $380K —
Jul 16, 1936 The East Hampton Bank & Trust Co. East Hampton $1.2M —

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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