1991
(w) Whole bank P&A; (t) Insured deposit transfer; (p) Payoff;
(a) Assistance transaction; (b) Bridge bank
Jan. 6
1 (b)BANK OF NEW ENGLAND, N.A., BOSTON, MASSACHUSETTS. Total assets $13.9
billion. Total deposits $9.1 billion. FDIC created a bridge bank (New
Bank of New England, N.A.) to assume all assets and deposits. (PR-3-91).
On April 22, 1991, Fleet/Norstar Financial Group, Inc., Providence, Rhode
Island, along with Kolhberg Kravis Roberts & Co., New York, New York, agreed to
purchase the bridge bank from the FDIC. (PR-61-91).
2 (b)CONNECTICUT BANK & TRUST COMPANY, N.A., HARTFORD, CONNECTICUT. Total assets
$7.1 billion. Total deposits $6.8 billion. FDIC created a bridge bank
(New Connecticut Bank & Trust Company, N.A.) to assume all assets and deposits.
(PR-3-91). On April 22, 1991, Fleet/Norstar Financial Group, Inc.,
Providence, Rhode Island, along with Kolhberg Kravis Roberts & Co., New York,
New York, agreed to purchase the bridge bank from the FDIC. (PR-61-91).
3 (b)MAINE NATIONAL BANK, PORTLAND, MAINE. Total assets $1.0 billion.
Total deposits $930 million. FDIC created a bridge bank (New Maine
National Bank) to assume all assets and deposits. (PR-3-91). On April
22, 1991, Fleet/Norstar Financial Group, Inc., Providence, Rhode Island,
along with Kolhberg Kravis Roberts & Co., New York, New York, agreed to purchase
the bridge bank from the FDIC. (PR-61-91).
Jan. 11
4 COMMUNITY NATIONAL BANK, GLASTONBURY, CONNECTICUT. Total assets $90.0
million. Deposits of $92.2 million in 16,100 accounts assumed by Fleet
Bank of Connecticut, Hartford, Connecticut. FDIC outlay $78.638 million.
(PR-5-91).
Jan. 22
5 (t)AMERICAN BANK, NATIONAL ASSOCIATION, RIO RANCHO, NEW MEXICO. Total
asset $15.8 million. Insured deposits of $17.8 million in 1,900 accounts
transferred to United New Mexico Bank at Albuquerque, Albuquerque, New
Mexico. FDIC outlay $15.300 million. (PR-8-91).
Jan. 24
6 METROPOLITAN NATIONAL BANK, FARMERS BRANCH, TEXAS. Total assets $93.9
million. Deposits of $91.4 million in 14,800 accounts assumed by
Comerica Bank - Texas, Dallas, Texas. FDIC outlay $53.629 million. (PR-
9-91).
Jan. 25
7 ALVARDO BANK, RICHMOND, CALIFORNIA. Total assets $35.5 million.
Deposits of $34.0 million in 3,300 accounts assumed by Pacific Bay Bank,
Richmond, California. FDIC outlay $3.794 million. (PR-10-91).
Jan. 29
8 CITIZENS NATIONAL BANK & TRUST COMPANY OF CHICAGO, CHICAGO, ILLINOIS. Total
assets $22.6 million. Deposits of $21.7 million in 6,700 accounts
assumed by First Bank of Oak Park, Oak Park, Illinois. FDIC outlay
$11.203 million. (PR-12-91).
Jan. 31
9 BANK OF THE HILLS, AUSTIN, TEXAS. Total assets $278.8 million. Deposits
of $257.5 million in 47,400 accounts assumed by Team Bank, Dallas, Texas.
FDIC outlay $156.416 million. (PR-13-91).
10 ROCKPORT BANK, NATIONAL ASSOCIATION, ROCKPORT, TEXAS. Total assets $21.1
million. Deposits of $20.3 million in 2,600 accounts assumed by The Bank
of Corpus Christi, Corpus Christi, Texas. FDIC outlay $13.081 million.
(PR-14-91).
Feb. 1
11 THE MERCHANTS BANK AND TRUST COMPANY, NORWALK, CONNECTICUT. Total assets
$297.0 million. Deposits of $277.8 million in 18,900 accounts assumed by
Union Trust Company, Stamford, Connecticut. FDIC outlay $248.973
million. (PR-16-91).
12 MAINE SAVINGS BANK, PORTLAND, MAINE. Total assets $1.3 billion.
Deposits of $1.1 billion in 186,000 accounts assumed by Fleet Bank,
Portland, Maine. FDIC outlay $80.500 million. (PR-17-91).
Feb. 7
13 LOCKHART STATE BANK, LOCKHART, TEXAS. Total assets $26.4 million.
Deposits of $25.9 million in 5,600 accounts assumed by Omnibank, National
Association, Houston, Texas. FDIC outlay $8.916 million. (PR-18-91).
14 FIRST NATIONAL BANK IN KAUFMAN, KAUFMAN, TEXAS. Total assets $22.0
million. Deposits of $20.8 million in 5,000 accounts assumed by The
Farmers & Merchants National Bank, Kaufman, Texas. FDIC outlay $4.822 million.
(PR-19-91).
Feb. 14
15 (w)MERCHANTS TRUST & SAVINGS BANK, KENNER, LOUISIANA. Total assets $44.9
million. Deposits of $43.7 million in 8,100 accounts assumed by First
American Bank and Trust, Vacherie, Louisiana. FDIC outlay $9.990
million. (PR-22-91).
16 THE FIRST NATIONAL BANK OF WORTHAM, WORTHAM, TEXAS. Total assets $8.0
million. Deposits of $8.0 million in 2,400 accounts assumed by Farmers
State Bank, Groesbeck, Texas. FDIC outlay $3.046 million. (PR-23-91).
Feb. 21
17 (w)SOUTHWEST NATIONAL BANK, ALBUQUERQUE, NEW MEXICO. Total assets $40.0
million. Deposits of $35.8 million in 1,600 accounts assumed by The Bank
of New Mexico, Springer, New Mexico. FDIC outlay $1.920 million. (PR-
24-91).
Feb. 22
18 (w)THE McKINLEY BANK, NILES, OHIO. Total assets $69.1 million. Deposits
of $65.6 million in 9,700 accounts assumed by The Dollar Savings & Trust
Company, Youngstown, Ohio. (PR-25-91).
Feb. 28
19 (w)UNITED CITIZENS BANK, NATIONAL ASSOCIATION, COLLEGE STATION, TEXAS.
Total assets $54.4 million. Deposits of $53.0 million in 14,300 accounts
assumed by First American Bank, Bryan, Texas. FDIC outlay $4.568
million. (PR-27-91).
Mar. 8
20 (w)FIRST MARINE BANK OF FLORIDA, PALM CITY, FLORIDA. Total assets $17.2
million. Deposits of $16.5 million in 3,100 accounts assumed by 1st
United Bank, Boca Raton, Florida. FDIC outlay $3.650 million. (PR-
32-91).
21 (w)SEAFIRST BANK, PORT ST. LUCIE, FLORIDA. Total assets $12.1 million.
Deposits of $11.9 million in 1,900 accounts assumed by Riverside National
Bank of Florida, Fort Pierce, Florida. FDIC outlay $1.917 million. (PR-
33-91).
22 MANILABANK, LOS ANGELES, CALIFORNIA. Total assets $20.3 million.
Deposits of $19.2 million in 800 accounts assumed by UST California,
National Association, Los Angeles, California. FDIC outlay $14.147
million. (PR-34-91).
Mar. 14
23 COOLIDGE CORNER CO-OPERATIVE BANK, BROOKLINE, MASSACHUSETTS. Total
assets $86.3 million. Deposits of $83.0 million in 6,500 accounts
assumed Brookline Savings Bank, Brookline, Massachusetts. FDIC outlay
$68.995 million. (PR-36-91).
24 (w)CROSSROADS BANK, VICTORIA, TEXAS. Total assets $24.4 million.
Deposits of $23.1 million in 7,000 accounts assumed by Victoria Bank and
Trust Company, Victoria, Texas. FDIC outlay $4.015 million. (PR-37-91).
Mar. 15
25 (t)BLACKSTONE BANK AND TRUST COMPANY, BOSTON, MASSACHUSETTS. Total
assets $52.7 million. Deposits of $49.8 million in 2,500 accounts
transferred to Bay Bank, N.A., Boston, Massachusetts. FDIC outlay
$48.225 million. (PR-39-91).
Mar. 21
26 CITADEL BANK, WILLIS, TEXAS. Total assets $22.4 million. Deposits of
$21.8 million in 5,300 accounts assumed by Tomball National Bank,
Tomball, Texas. FDIC outlay $6.210 million. (PR-42-91).
27 (p)SABINAL BANK, SABINAL, TEXAS. Total assets $22.1 million. Deposits
of $21.7 million in 3,000 accounts paid to insured depositors. FDIC
outlay $21.706 million. (PR-43-91).
Mar. 28
28 THE LANDMARK BANK, HARTFORD, CONNECTICUT. Total assets $237.2 million.
Deposits of $212.2 million in 58,500 accounts assumed by People's Bank,
Bridgeport, Connecticut. FDIC outlay $206.100 million. (PR-46-91).
Mar. 29
29 CITY BANK AND TRUST, CLAREMONT, NEW HAMPSHIRE. Total assets $117.8
million. Deposits of $119.5 million in 6,500 accounts assumed by First
NH Bank, Concord, New Hampshire. FDIC outlay $112.9 million. (PR-
49-91).
30 (t)CITIZENS NATIONAL BANK, LIMON, COLORADO. Total assets $8.2 million.
Deposits of $8.1 million in 1,800 accounts transferred to The First
National Bank of Limon, Limon, Colorado. FDIC outlay $5.622 million.
(PR-50-91).
Apr. 4
31 FIRST STATE BANK, WEIMAR, TEXAS. Total assets $26.2 million. Deposits
of $25.9 million in 4,500 accounts assumed by Hill Bank & Trust Co., Weimar,
Texas. FDIC outlay $4.352 million. (PR-51-91).
Apr. 5
32 (w)THE BLUEVILLE BANK OF GRAFTON, GRAFTON, WEST VIRGINIA. Total assets
$48.9 million. Deposits of $46.9 million in 12,900 accounts assumed by
The Empire National Bank of Clarksburg, Clarksburg, West Virginia. FDIC
outlay $4.078 million. (PR-52-91).
Apr. 11
33 (w)AMERICAN BANK & TRUST COMPANY, SHREVEPORT, LOUISIANA. Total assets $61.3
million. Deposits of $61.0 million in 3,700 accounts assumed by
Tri-State Bank and Trust, Haughton, Louisiana. FDIC outlay $12.096
million. (PR-54-91).
Apr. 12
34 (t)WHITNEY BANK AND TRUST, HAMDEN, CONNECTICUT. Total assets $49.9
million. Deposits of $46.6 million in 2,200 accounts transferred to
First Constitution Bank, New Haven, Connecticut. FDIC outlay $44.364
million. (PR-55-91).
35 ARIZONA COMMERCE BANK, TUCSON, ARIZONA. Total assets $81.8 million.
Deposits of $79.2 million assumed by Arizona Bank of Commerce, Tucson,
Arizona, and Caliber Bank, Phoenix, Arizona. FDIC outlay $53.849
million. (PR-56-91).
Apr. 18
36 COMMUNITY NATIONAL BANK, SHERMAN, TEXAS. Total assets $18.1 million.
Deposits of $17.9 million in 4,500 accounts assumed by American Bank of
Sherman, National Association, Sherman, Texas. FDIC outlay $2.939
million. (PR-60-91).
37 COLUMBINE VALLEY BANK AND TRUST, JEFFERSON COUNTY, COLORADO. Total
assets $8.7 million. Deposits of $8.5 million in 1,900 accounts assumed
by Vectra Bank, Denver, Colorado. FDIC outlay $5.522 million. (PR-
64-91).
May 3
38 (t)BOSTON TRADE BANK, BOSTON, MASSACHUSETTS. Total assets $352.9
million. Deposits of $328.9 million in 8,100 accounts transferred to
First National Bank of Boston, Boston, Massachusetts. FDIC outlay
$310.000 million. (PR-67-91).
May 9
39 (w)CHIRENO STATE BANK, CHIRENO, TEXAS. Total assets $12.8 million.
Deposits of $12.3 million in 2,200 accounts assumed by The First State
Bank, Gladewater, Texas. FDIC outlay $1.336 million. (PR-69-91).
40 TEXAS BANK AND TRUST OF TEMPLE, TEMPLE, TEXAS. Total assets $48.4
million. Deposits of $48.0 million in 6,700 accounts assumed by The
Peoples National Bank of Belton, Belton, Texas. FDIC outlay $9.9 million.
(PR-70-91).
41 (t)VILLAGE GREEN NATIONAL BANK, JERSEY VILLAGE, TEXAS. Total assets $30.0
million. Insured deposits of $27.2 million in 3,200 accounts were
transferred Bank of America Texas, National Association, Houston, Texas.
FDIC outlay $18.6 million. (PR-71-91).
42 THE FIRST NATIONAL BANK OF POTH, POTH, TEXAS. Total assets $19.3 million.
Deposits of $19.0 million in 2,500 accounts assumed by the Bank of
Floresville, Floresville, Texas. FDIC outlay $8.0 million. (PR-72-91).
May 10
43 MADISON NATIONAL BANK, WASHINGTON, D.C. Total assets $530.8 million.
Deposits of $373.7 million in 46,000 accounts assumed by Signet Bank,
N.A., Washington, D.C. FDIC outlay $367.4 million. (PR-74-91).
44 MADISON NATIONAL BANK OF VIRGINIA, MCLEAN, VIRGINIA. Total assets $176.0
million. Deposits of $154.5 million in 18,100 accounts assumed by Signet
Bank-Virginia, Richmond, Virginia. FDIC outlay $113.5 million. (PR-
74-91).
45 (t)THE WASHINGTON BANK OF MARYLAND, BALTIMORE, MARYLAND. Total assets
$38.0 million. Insured deposits of $35.0 million in 2,100 accounts
transferred to The First National Bank of Maryland, Baltimore, Maryland.
FDIC outlay $30.8 million. (PR-75-91)
May 16
46 FIRST NATIONAL BANK OF CEDAR HILL, CEDAR, HILL, TEXAS. Total assets
$11.6 million. Deposits of $11.8 million in 2,600 accounts assumed by
First State Bank, Blooming Grove, Texas. FDIC outlay $1.610 million.
(PR-76-91).
47 (w)CAPITAL BANK, DALLAS, TEXAS. Total assets $118.3 million. Deposits
of $112.3 million in 11,200 accounts assumed by Bank One, Texas, N.A.,
Dallas, Texas. FDIC outlay $15.978 million. (PR-77-91).
May 17
48 (w)FIRST CITY BANK, NEW ORLEANS, LOUISIANA. Total assets $56.3 million.
Deposits of $56.7 million in 3,200 accounts assumed by First Bank and
Trust, New Orleans. FDIC outlay $9.578 million. (PR-79-91).
49 (w)COSMOPOLITAN NATIONAL BANK OF CHICAGO, CHICAGO, ILLINOIS. Total assets
$121.4 million. Deposits of $115.9 million in 7,800 accounts assumed by
Cosmopolitan Bank and Trust Co., Chicago, Illinois. FDIC outlay $10.223
million. (PR-80-91).
May 22
50 (w)FIRST NATIONAL BANK OF TOMS RIVER, TOMS RIVER, NEW JERSEY. Total
assets $1.8 billion. Deposits of $1.6billion in 259,100 accounts assumed
by First Fidelity Bank, National Association, Newark, New Jersey. FDIC
outlay $144.293 million. (PR- -91).
May 23
51 (w)LIBERTY NATIONAL BANK, LOVINGTON, NEW MEXICO. Total assets $57.9
million. Deposits of $55.7 million in 10,200 accounts assumed by Western
Commerce Bank, Carlsbad, New Mexico. FDIC outlay $3.209 million. (PR-
-91).
May 24
52 (t)FIRST SECURITY BANK, ROANOKE, VIRGINIA. Total assets $16.2 million.
Deposits of $14.9 million in 1,600 deposit accounts assumed by Pocahontas
Bankshares Corporation, Bluefield, West Virginia. FDIC outlay $12.573
million. (PR-83-91).
53 FLORIDA STATE BANK, HOLIDAY, FLORIDA. Total assets $99.3 million.
Deposits of $82.5 million in 13,000 accounts assumed by the Orange Bank,
Ocoee, Florida. FDIC outlay $48.816 million. (PR-84-91).
May 31
54 GOLDOME, BUFFALO, NEW YORK. Total assets $9.9 billion. Deposits of $5.4
billion assumed by Key Bank of Western New York, N.A., Buffalo, New York,
and subsequently by First Empire State Corporation, Buffalo, New York.
FDIC outlay $2.3 billion. (PR-85-91).
55 (t)UNIVERSITY BANK, N.A., NEWTON, MASSACHUSETTS. Total assets $337.1
million. Deposits of $313.3 million in 18,116 accounts transferred to
Sterling Bank, Waltham, Massachusetts. FDIC outlay $310.6 million. (PR-
86-91).
June 6
56 NORTHWEST BANK, NATIONAL ASSOCIATION. Total assets $7.4 million. Deposits
of $7.2 million assumed in 2,600 accounts assumed by Valley-Hi National
Bank of San Antonio, San Antonio, Texas. FDIC outlay $1.6 million. (PR-
87-91).
June 7
57 WOBURN FIVE CENTS SAVINGS BANK, WOBURN, MASSACHUSETTS. Total assets
$250.0 million. Deposits of $235.4 million in 38,800 deposit accounts
assumed by Sterling Bank, Waltham, Massachusetts. FDIC outlay $215.6
million. (PR-88-91).
June 13
58 THE BANK OF HORTON, HORTON, KANSAS. Total assets $158.7 million.
Deposits of $155.7 million in 4,300 accounts assumed by Kansas State
Bank, Holton, Kansas. FDIC outlay $125.5 million. (PR-90-91).
59 TASCOSA NATIONAL BANK OF AMARILLO, AMARILLO, TEXAS. Total assets $89.2
million. Deposits of $88.6 million in 12,400 accounts assumed by Team
Bank, Fort Worth, Texas. FDIC outlay $28.6 million. (PR-91-91).
60 PEOPLES BANK, HEWITT, TEXAS. Total assets $17.8 million. Deposits of
$17.1 million in 3,600 accounts assumed by The National Bank of
Gatesville, Gatesville, Texas. FDIC outlay $4.2 million. (PR-92-91).
61 (w)TEXAS PREMIER BANK OF VICTORIA, NATIONAL ASSOCIATION, VICTORIA, TEXAS.
Total assets $13.1 million. Deposits of $12.9 million in 2,200 deposit
accounts assumed by Victoria Bank and Trust Company, Victoria, Texas.
FDIC outlay $1.3 million. (PR-93-91).
June 21
62 BEACON CO-OPERATIVE BANK, BOSTON, MASSACHUSETTS. Total assets $32.2
million. Deposits of $30.1 million in 2,700 deposit accounts assumed by
Grove Bank, Boston, Massachusetts. FDIC outlay $16.9 million. (PR-
95-91).
June 28
63 FIRST MUTUAL BANK FOR SAVINGS, BOSTON, MASSACHUSETTS. Total assets $1.1
billion. Deposits of $1.1 billion in 129,600 deposit accounts assumed by
First National Bank of Boston (Bank of Boston), Boston, Massachusetts.
FDIC outlay $813.4 million. (PR-96-91).
July 12
64 (w)DRIPPING SPRINGS NATIONAL BANK, DRIPPING SPRINGS, TEXAS. Total assets
$21.5 million. Deposits of $21.6 million in 4,300 deposit accounts
assumed by Texas Bank, Odessa, Texas. FDIC outlay $3.3 million. (PR-
101-91).
65 (p)LANDMARK THRIFT AND LOAN ASSOCIATION, SAN DIEGO, CALIFORNIA. Total
assets $13.1 million. Total deposits $12.6 million in 716 accounts.
Insured deposits paid out. FDIC outlay $12.4 million. (PR-102-91).
July 19
66 (w)COMMUNITY GUARDIAN BANK, ELMWOOD PARK, NEW JERSEY. Total assets $59.0
million. Deposits of $57.9 million in 11,200 accounts assumed by
Interchange State Bank, Saddle Brook, New Jersey. FDIC outlay $14.1
million. (PR-105-91).
67 PONTCHARTRAIN STATE BANK, METAIRIE, LOUISIANA. Total assets $136.8
million. Deposits of $134.0 million in 22,400 accounts assumed by First
National Bank of Commerce, New Orleans, Louisiana. FDIC outlay $111.3
million. (PR-106-91).
July 25
68 THE KERENS BANK, KERENS, TEXAS. Total assets $20.0 million. Deposits of
$19.9 million in 2,700 deposit accounts assumed by Cedar Creek Bank,
Seven Points, Texas. FDIC outlay $13.5 million. (PR- 108-91).
July 26
69 THE HOUSATONIC BANK AND TRUST COMPANY, ANSONIA, CONNECTICUT. Total
assets $66.4 million. Deposits of $61.7 million in 7,600 accounts
assumed by Shelton Savings Bank, Shelton, Connecticut. FDIC outlay $46.5
million. (PR-109-91).
70 SUBURBAN NATIONAL BANK, HILLSBOROUGH TOWNSHIP, NEW JERSEY. Total assets
$96.2 million. Deposits of $92.8 million in 7,300 accounts assumed by
Provident Savings Bank, Jersey City, New Jersey. FDIC outlay $78.4
million. (PR-110-91).
August 9
71 CITYTRUST, BRIDGEPORT, CONNECTICUT. Total assets $2.0 billion. Deposits
of $1.7 billion in 146,000 accounts assumed by Chase Manhattan Bank of
Connecticut, National Association, Bridgeport, Connecticut. FDIC outlay
for CityTrust and Farmers and Merchants Bank $821 million. (PR-113-91).
72 MECHANICS AND FARMERS SAVINGS BANK, BRIDGEPORT, CONNECTICUT. Total
assets $1.1 billion. Deposits of $878 million in 105,000 accounts
assumed by Chase Manhattan Bank of Connecticut, National Association,
Bridgeport, Connecticut. (PR-113-91).
73 BANK OF SOUTH PALM BEACHES, HYPOLUXO, FLORIDA. Total assets $70.2
million. Deposits of $65.7 million in 7,800 accounts assumed by 1st
United Bank, Boca Raton, Florida. FDIC outlay $25.4 million. (PR-
114-91).
74 (p)SOUTHCOAST BANK CORPORATION, WEST PALM BEACH, FLORIDA. Total assets
$26.5 million. Total deposits $27.2 million in 1,908 accounts. Insured
deposits paid out. (PR-115-91).
August 16
75 (t)ENFIELD NATIONAL BANK, ENFIELD CONNECTICUT. Total assets $17.0
million. Total deposits $18.2 million in 3,800 accounts. Insured
deposits transferred to Savings Institute, Willimantic, Connecticut.
FDIC outlay $18.2 million. (PR-117-91)
76 (w)NORTHWEST NATIONAL BANK, FAYETTEVILLE, ARKANSAS. Total assets $32.8
million. Deposits of $30.8 million in 5,900 deposit accounts assumed by
Citizens Bank of Northwest Arkansas, Fayetteville, Arkansas. FDIC outlay
$1.1 million (PR-118-91)
August 22
77 FIRST MEXIA BANK, MEXIA, TEXAS. Total assets $23.3 million. Deposits of
$22.8 million in 4,200 accounts assumed by The East Texas National Bank
of Palestine, Palestine, Texas. FDIC outlay $3.8 million. (PR-120-91)
78 (w)BUCHEL BANK AND TRUST COMPANY, CUERO, TEXAS. Total assets $28.1
million. Deposits of $26.7 9illion in 4,000 accounts assumed by First
Bank, Edna, Texas. FDIC outlay $1.7 million. (PR-121-91)
August 29
79 (w)SAN SABA NATIONAL BANK, SAN SABA, TEXAS. Total assets $15.5 million.
Deposits of $15.1 million in 2,200 accounts assumed by First Llano Bank,
Llano, Texas. FDIC outlay $1.2 million. (PR-124-91)
80 (w)FIRST NATIONAL BANK AND TRUST COMPANY, BLACKWELL, OKLAHOMA. Total
assets $35.2 million. Deposits of $34.0 million in 5,000 accounts
assumed by Central National Bank and Trust Co., of Enid, Oklahoma. FDIC
outlay $1.7 million. (PR-125-91)
August 30
81 HILLSBOROUGH BANK AND TRUST COMPANY, MILFORD, NEW HAMPSHIRE. Total
assets $58.0 million. Deposits of $59.4 million in 3,500 accounts
assumed by Peterborough Savings Bank, Peterborough, New Hampshire. FDIC
outlay $55.0 million. (PR-126-91).
82 LOWELL INSTITUTION FOR SAVINGS, LOWELL, MASSACHUSETTS. Total assets
$402.8 million. Deposits of $322.2 million in 34,100 deposit accounts
assumed by The Family Mutual Savings Bank, Haverhill, Massachusetts.
FDIC outlay $290.8 million. (PR-127-91).
83 HILTON HEAD BANK AND TRUST COMPANY, NATIONAL ASSOCIATION, HILTON HEAD
ISLAND, SOUTH CAROLINA. Total assets $63.0 million. Deposits of $59.1
million in 6,100 accounts assumed by The Anchor Bank, Myrtle Beach, South
Carolina. FDIC outlay $9.0 million. (PR-128-91)
September 6
84 THE FAMILY BANK AND TRUST, ALLENSTOWN, NEW HAMPSHIRE. Total assets $45.3
million. Deposits of $45.6 million in 7,800 accounts assumed by The
Valley Bank, Hillsborough, New Hampshire. FDIC outlay $25.0 million. (PR-
129-91)
85 SUFFIELD BANK, SUFFIELD, CONNECTICUT. Total assets $301.4 million.
Deposits of $264.1 million in 29,100 accounts assumed by First Federal
Bank, FSB, Waterbury, Connecticut. FDIC outlay $188.3 million. (PR-
130-91)
SEPTEMBER 10
86 (a)FIRST BANK AND TRUST, HARRISBURG, ILLINOIS. Total assets $26.6
million. Deposits of $25.7 million assumed in open assistance
transaction by Shawnee Bancorp., Inc., Harrisburg, Illinois. FDIC outlay
$673,000. FDIC Board approved 9/10/91: Assistance began September 16,
1991. (PR-132-91)
87 VALLEY BANK, WHITE RIVER JUNCTION, VERMONT. Total assets $36.2 million.
Deposits of $36.0 million in 5,100 deposit accounts assumed by Vermont
National Bank, Brattleboro, Vermont. FDIC outlay $25.4 million. (PR-
134-91)
September 19
88 SOUTHEAST BANK, NATIONAL ASSOCIATION, MIAMI, FLORIDA. Total assets $10.2
billion. Deposits of $8.0 billion in 1.1 million accounts assumed by
First Union National Bank of Florida, Jacksonville. FDIC outlay $350
million (estimated). Closed simultaneously with Southeast Bank of West
Florida, Pensacola. (PR-137-91)
89 SOUTHEAST BANK OF WEST FLORIDA, PENSACOLA, PENSACOLA. Total assets $93.0
million. Deposits of $85 million in 13,000 accounts assumed by First
Union National Bank of Florida, Jacksonville. FDIC outlay $350 million
(estimated: closed with Southeast Bank, N.A.). (PR-137-91)
September 20
90 BANK FIVE FOR SAVINGS, ARLINGTON, MASSACHUSETTS. Total assets $401.7
million. Deposits of $406.6 million in 46,300 accounts assumed by
Cambridge Savings Bank, Cambridge, Massachusetts. FDIC outlay $281.2
million. (PR-138-91)
91 (t)MID-JERSEY NATIONAL BANK, SOMERVILLE, NEW JERSEY. Total assets $30.6
million. Total deposits $29.6 million in 2,700 deposit accounts.
Insured deposits transferred to United Jersey Bank/Central, National
Association, West Windsor Township, New Jersey. FDIC outlay $19.1
million. (PR-139-91)
September 27
92 MIDCOUNTY BANK AND TRUST COMPANY, NORWOOD, MASSACHUSETTS. Total assets
$62.6 million. Deposits of $59.7 million in 3,000 accounts assumed by
Dedham Institution for Savings, Dedham, Massachusetts. FDIC outlay $52.2
million. (PR-143-91)
October 2
93 (a)GUNNISON BANK AND TRUST COMPANY, GUNNISON, COLORADO. Total assets
$22.3 million. Deposits of $21.4 million assumed in open assistance
transaction by Lindoe, Inc., Ordway, Colorado. Ultimate FDIC outlay
about $2.4 million. FDIC approved in principle 10/2/91. (PR-145-91)
October 3
94 HARBOR NATIONAL BANK OF CONNECTICUT, BRANFORD, CONNECTICUT. Total assets
$23.5 million. Deposits of $22.3 million in 5,200 accounts assumed by
The New Haven Savings Bank, New Haven, Connecticut. FDIC outlay $11.0
million. (PR-146-91)
95 REAGAN STATE BANK, BIG LAKE, TEXAS. Total assets $20.3 million.
Deposits of $19.7 million in 2,700 accounts assumed by Security State
Bank, McCamey, Texas. FDIC outlay $5.0 million. (PR-147-91)
October 10
96 AMOSKEAG BANK, MANCHESTER, NEW HAMPSHIRE. Total assets $985 million.
Deposits of $741 million assumed by First New Hampshire Bank, Concord,
New Hampshire. FDIC outlay for Amoskeag, BankEast, Nashua Trust and Bank
Meridian $342 million. (PR-150-91)
97 BANKEAST, MANCHESTER, NEW HAMPSHIRE. Total assets $847 million.
Deposits of $593 million assumed by First New Hampshire Bank, Concord,
New Hampshire. (PR-150-91)
98 NASHUA TRUST COMPANY, NASHUA, NEW HAMPSHIRE. Total assets $441 million.
Deposits of $384 million assumed by First New Hampshire Bank, Concord,
New Hampshire. (PR-150-91)
99 BANK MERIDIAN, N.A., HAMPTON, NEW HAMPSHIRE. Total assets $118 million.
Deposits of $106 million assumed by First New Hampshire Bank, Concord,
New Hampshire. (PR-150-91)
100 NEW HAMPSHIRE SAVINGS BANK, CONCORD, NEW HAMPSHIRE. Total assets $1.0
billion. Deposits of $917 million assumed by New Dartmouth Bank,
Manchester, New Hampshire. FDIC outlay for New Hampshire Savings,
Dartmouth Bank, and Numerica Savings $624 million. (PR-150-91)
101 DARTMOUTH BANK, MANCHESTER, NEW HAMPSHIRE. Total assets $950 million.
Deposits of $818 million assumed by New Dartmouth Bank, Manchester, New
Hampshire. (PR-150-91)
102 NUMERICA SAVINGS FSB, MANCHESTER, NEW HAMPSHIRE. Total assets $636
million. Deposits of $453 million assumed by New Dartmouth Bank,
Manchester, New Hampshire. (PR-150-91)
October 11
103 IONA SAVINGS BANK, TILTON, NEW HAMPSHIRE. Total assets $30.6 million.
Deposits of $28.3 million in 3,400 accounts assumed by First Savings and
Loan Association of New Hampshire, Exeter, New Hampshire. FDIC outlay
$11.2 million. (PR-151-91)
October 18
104 CENTRAL BANK, MERIDEN, CONNECTICUT. Total assets $675.2 million.
Deposits of $626.5 million in 66,800 accounts assumed by CenterBank,
Waterbury, Connecticut. FDIC outlay $ 373.6 million. (PR-152-91).
105 CONNECTICUT VALLEY BANK, CROMWELL, CONNECTICUT. Total assets $28.8
million. Deposits of $27.9 million in 2,100 accounts assumed by Mid Conn
Bank, Kensington, Connecticut. FDIC outlay $23.6 million. (PR-153-91).
106 (t)MISSION VALLEY BANK, NATIONAL ASSOCIATION, SAN CLEMENTE, CALIFORNIA.
Total assets $42.7 million. Total deposits $40.9 million in 2,300
accounts. Insured deposits transferred to Mid City Bank, National
Association, Los Angeles, California. FDIC outlay $30.3 million. (PR-
154-91)
October 24
107 (w)FIRST NATIONAL BANK, BEDFORD, BEDFORD, TEXAS. Total assets $22.4
million. Deposits of $21.6 million in 3,900 accounts assumed by First
International Bank, Bedford, Texas. FDIC outlay $2.1 million. (PR-
158-91)
October 25
108 COOLIDGE BANK AND TRUST COMPANY, BOSTON, MASSACHUSETTS. Total assets
$264.6 million. Deposits of $260.5 million in 29,500 accounts assumed by
Pioneer Financial, A Cooperative Bank, Boston, Massachusetts. FDIC
outlay $242.2 million. (PR-160-91)
109 (w)THE CITIZENS BANK OF PAGOSA SPRINGS, PAGOSA SPRINGS, COLORADO. Total
assets $18.0 million. Deposits of $17.0 million in 2,600 accounts
assumed by Citizens Bank of Pagosa Springs, Pagosa Springs, Colorado.
FDIC outlay $1.0 million. (PR-161-91)
110 FIRST HANOVER BANK, WILMINGTON, NORTH CAROLINA. Total assets $47.6
million. Deposits of $35.5 million in 5,200 accounts assumed by Central
Carolina Bank and Trust Company, Durham, North Carolina. FDIC outlay
$8.2 million. (PR-162-91).
October 29
111 (p)PRIVATE BANK AND TRUST, N. A., CORAL GABLES, FLORIDA. (Nationally
chartered trust company) Total assets $4.0 million. Trust assets of $90
million in 326 accounts. Insured deposits to be paid out. (PR-165-91)
October 30
112 (w)BANK OF THE SOUTH, BATON ROUGE, LOUISIANA. Total assets $38.6
million. Deposits of $37.3 million in 3,400 accounts assumed by The
First National Bank in St. Mary Parish, Morgan City, Louisiana. FDIC
outlay $2.8 million. (PR-166-91).
October 31
113 UNION BANK, SAN ANTONIO, TEXAS. Total assets $105.2 million. Deposits
of $102.2 million in 15,700 accounts assumed by Channelview Bank,
Channelview, Texas. FDIC outlay $13.7 million. (PR-167-91)
November 8
114 (t)COMMUNITY NATIONAL BANK AND TRUST COMPANY OF NEW YORK, NEW YORK, NEW
YORK. Total assets $353.1 million. Total deposits $321.8 million in
47,400 accounts. Insured deposits transferred to Chemical Bank, New
York, New York. FDIC outlay $286.8 million. (PR-169-91)
November 14
115 CONNECTICUT SAVINGS BANK, NEW HAVEN, CONNECTICUT. Total assets $1.07
billion. Deposits of $867.2 million in 146,400 accounts assumed by
Centerbank, Waterbury, Connecticut. FDIC outlay $188.5 million. (PR-
171-91)
116 ALVARADO NATIONAL BANK, ALVARADO, TEXAS. Total assets $10.2 million.
Deposits of $9.4 million in 2,300 accounts assumed by The First National
Bank in Joshua, Joshua, Texas. FDIC outlay $7.9 million. (PR-172-91)
117 (t)WORTHINGTON STATE BANK, WORTHINGTON, INDIANA. Total assets $37.0
million. Total deposits $34.4 million in 3,700 accounts. Insured
deposits transferred to First Farmers State Bank, Sullivan, Indiana. FDIC
outlay $1.8 million. (PR-173-91)
November 15
118 DURHAM TRUST COMPANY, DURHAM, NEW HAMPSHIRE. Total assets $69.6 million.
Deposits of $67.4 million in 9,500 accounts assumed by Granite Bank,
Keene, New Hampshire. FDIC outlay $35.3 million. (PR-174-91)
November 26
119 (t)FIRST NATIONAL BANK OF MIAMI, MIAMI, FLORIDA. Total assets $31.4
million. Total deposits $31.0 million. Insured deposits transferred to
Ready State Bank, Hialeah, Florida. FDIC outlay $3.2 million. (PR-
178-91)
December 4
120 (a)THE DOUGLASS BANK, KANSAS CITY, KANSAS. Total assets $32.0 million.
Total deposits $31.1 million. Assistance from $2.3 million capital
injection by Douglass Bancorp, Kansas City, Kansas, and $1.0 million
payment by the FDIC. FDIC outlay $1.0 million. (PR-181-91)
December 6
121 SAYBROOK BANK AND TRUST COMPANY, OLD SAYBROOK, CONNECTICUT. Total
assets $81.9 million. Deposits of $78.6 million in 7,800 accounts
assumed by The New Haven Savings Bank, New Haven, Connecticut.
FDIC outlay $47.4 million. (PR-182-91)
December 12
122 (t)GRANITE CO-OPERATIVE BANK, QUINCY, MASSACHUSETTS. Total assets $103.8
million. Total deposits $84.3 million. Insured deposits transferred to
South Boston Savings Bank, Boston, Massachusetts. FDIC outlay $70.4
million. (PR-185-91)
December 13
123 BANK OF EAST HARTFORD, EAST HARTFORD, CONNECTICUT. Total assets $36.6
million. Deposits of $38.4 million in 3,900 accounts assumed by Bank of
South Windsor, South Windsor, Connecticut. FDIC outlay $23.1 million.
(PR-186-91)
124 THE BANK MART, BRIDGEPORT, CONNECTICUT. Total assets $541.3 million.
Deposits of $486.8 million in 41,700 accounts assumed by Gateway Bank,
South Norwalk, Connecticut. FDIC outlay $58.9 million. (PR-187-91)
125 MERCHANTS NATIONAL BANK, LEOMINSTER, MASSACHUSETTS. Total assets $160.3
million. Deposits of $147.5 million in 29,400 accounts assumed by
Worcester County Institution for Savings, Worcester, Massachusetts. FDIC
outlay $107.1 million. (PR-188-91)
126 (t)FEDERAL FINANCE & MORTGAGE, LTD., HONOLULU, HAWAII. Total assets $9.3
million. Total deposits $8.2 million in 300 accounts. Insured deposits
transferred to First Hawaiian Creditcorp, Inc., Honolulu, Hawaii. FDIC
outlay $9.3 million. (PR-189-91) and (PR-190-91)
December 20
127 NORTH RIDGE BANK, OAKLAND PARK, FLORIDA. Total assets $92.4 million.
Deposits of $87.2 million in 11,000 accounts assumed by Intercontinental
Bank, Miami, Florida. FDIC outlay $7.0 million. (PR-191-91).
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