1992
(w) Whole bank P&A; (t) Insured deposit transfer; (p) Payoff;
(a) Assistance transaction; (b) Bridge bank; (c) Conservatorship
Note: Unmarked entries denote purchase and assumption transactions.
January 3
1 (p)ASSURED THRIFT AND LOAN ASSOCIATION, SAN JUAN CAPISTRANO,
CALIFORNIA. Total assets $56.1 million. Total deposits $51.5 million
in 2,000 accounts. Insured deposits paid out. FDIC outlay $50.5
million (PR-2-92).
January 10
2 (t)THE CITIZENS BANK, DALLAS, GEORGIA. Total assets $52.6 million.
Total deposits $51.3 million in 10,900 accounts. Insured deposits
transferred to the First National Bank of Paulding County, Dallas,
Georgia. FDIC outlay $36.9 million (PR-3-92).
January 16
3 (w)THE BANK OF VERDE VALLEY, COTTONWOOD, ARIZONA. Total assets $10.1
million. Deposits of $9.8 million in 1,400 accounts assumed by
Stockmen's Bank, Kingman, Arizona. FDIC outlay $1.2 million (PR-4-92).
January 23
4 FIRST STATE BANK, BANGS, TEXAS. Total assets $16.7 million. Deposits
of $16.1 million in 3,400 accounts assumed by Texas Bank, Brownwood,
Texas. FDIC outlay $9.4 million (PR-7-92).
January 24
5 (c)CROSSLAND SAVINGS BANK, FSB, BROOKLYN, NEW YORK. Total assets $7.4
billion. Deposits of $5.5 billion transferred to CrossLand Federal
Savings, Brooklyn, New York, a newly chartered institution managed
under direction of the FDIC. FDIC outlay $1.2 billion (PR-8-92).
6 BANCO NACIONAL, NATIONAL ASSOCIATION, SAN JUAN, PUERTO RICO. Total
assets $54.5 million. Deposits of $48.9 million in 3,500 accounts
assumed by Eurobank & Trust Company, San Juan, Puerto Rico. FDIC outlay $43.7
million (PR-9-92).
7 (p)AMERICAN NATIONAL BANK OF NEW YORK, FLEISCHMANNS (LARCHMONT), NEW
YORK. Total assets $20.7 million. Total deposits $19.6 million in
23,600 accounts. Insured deposits paid out. FDIC outlay $19.6 million
(PR-10-92).
January 30
8 ATLANTIC TRUST COMPANY, NEWINGTON, NEW HAMPSHIRE. Total assets $21.3
million. Deposits of $21.4 million in 1,900 accounts assumed by Fleet
Bank-NH, Nashua, New Hampshire. FDIC outlay $20.7 million (PR-12-92).
9 (p)INDEPENDENCE BANK, ENCINO (LOS ANGELES), CALIFORNIA. Total assets
$555 million. Total deposits $530.2 million. All deposits paid out,
with First Interstate Bank of California, Los Angeles, as paying agent.
FDIC outlay $530.2 million (PR-13-92).
January 31
10 SENTINEL BANK, HARTFORD, CONNECTICUT. Total assets $73.5 million.
Deposits of $69.8 million in 3,200 accounts assumed by Society for
Savings, Hartford, Connecticut. FDIC outlay $69.0 million (PR-15-92).
11 FOUNTAIN BANK, SCOTTSDALE, ARIZONA. Total assets $15.2 million.
Deposits of $13.8 million in 2,600 accounts assumed by Bank of Arizona,
Scottsdale, Arizona. FDIC outlay $10.6 million (PR-16-92).
February 6
12 LANDMARK BANK OF FORT WORTH, FORT WORTH, TEXAS. Total assets $82.8
million. Total deposits $77.5 million in 11,500 accounts. Insured
deposits assumed by Central Bank and Trust Company, Fort Worth, Texas.
FDIC outlay $53.5 million (PR-17-92).
February 7
13 (w)KEMPTON STATE BANK, KEMPTON, ILLINOIS. Total assets $3.6 million.
Deposits of $3.6 million assumed by Vermilion Valley Bank, Piper City,
Illinois. FDIC outlay $598,000 (PR-18-92).
14 (t)MERCHANT NATIONAL BANK, FORT MYERS, FLORIDA. Total assets $30.4
million. Total deposits $29.0 million. Insured deposits transferred
to Founders National Trust Bank, Fort Myers, Florida. FDIC outlay
$25.1 million (PR-19-92).
February 14
15 THE CENTRAL SAVINGS BANK, LOWELL, MASSACHUSETTS. Total assets $353.3
million. Deposits of $338.9 million in 58,000 accounts assumed by
MASSBANK For Savings, Reading, Massachusetts. FDIC outlay $116.7
million (PR-23-92).
February 21
16 DOLLAR DRY DOCK BANK, WHITE PLAINS, NEW YORK. Total assets $4.0
billion. Deposits of $3.7 billion in 390,000 accounts assumed by
Emigrant Savings Bank, New York, New York (One branch assumed by Apple
Savings Bank, New York, New York). FDIC ultimate outlay $574.0 million
(PR-26-92).
17 (t)NATIONAL CITY BANK, CORAL SPRINGS, FLORIDA. Total assets $18.2
million. Deposits of $16.7 million in 1,500 accounts. Insured
deposits transferred to Intercontinental Bank, Miami, Florida. FDIC
outlay $14.5 million (PR-27-92).
18 (t)THE BANK OF THE BRANDYWINE VALLEY, WEST CHESTER, PENNSYLVANIA.
Total assets $44.9 million. Total deposits of $47.3 million in 3,800
accounts. Insured deposits transferred to Wilmington Trust Company,
Wilmington, Delaware. FDIC outlay $34.9 million (PR-28-92).
February 27
19 (t)COLUMBIA BANK, AVONDALE, ARIZONA. Total assets $15.9 million.
Total deposits of $14.9 million in 2,000 accounts. Insured deposits
transferred to The Valley National Bank of Arizona, Phoenix, Arizona.
FDIC outlay $14.9 million (PR-31-92).
February 28
20 COLONY SAVINGS BANK, WALLINGFORD, CONNECTICUT. Total assets $31.2
million. Deposits of $27.3 million in 5,600 accounts assumed by The
New Haven Savings Bank, New Haven, Connecticut. FDIC outlay $14.1
million (PR-33-92).
21 (p)MISSION VIEJO NATIONAL BANK, MISSION VIEJO, CALIFORNIA. Total
assets $102.7 million. Total deposits $90.3 million in 2,700 accounts.
Insured deposits paid out. FDIC outlay $85.8 million (PR-34-92).
March 6
22 (t)NEW HERITAGE BANK, LAWRENCE, MASSACHUSETTS. Total assets $89.9
million. Total deposits $90.8 million. Insured deposits transferred to
The First National Bank of Boston (Bank of Boston), Boston,
Massachusetts. FDIC outlay $70.4 million (PR-36-92).
March 12
23 (w)PROGRESSIVE NATIONAL BANK OF RAYNE, RAYNE, LOUISIANA. Total assets
$11.4 million. Deposits of $11.2 million assumed by St. Landry Bank & Trust
Co., Opelousas, Louisiana. FDIC outlay $1.3 million (PR-39-92).
March 13
24 (t)BROADWAY BANK AND TRUST, PATERSON, NEW JERSEY. Total assets $386.4
million. Total deposits $370.3 million in 41,000 accounts. Insured
deposits transferred to Hudson United Bank, Union City, New Jersey.
FDIC outlay $305.0 million (PR-40-92).
March 16
25 FIRST SECURITY BANK OF ANACONDA, ANACONDA, MONTANA. Total assets $30.3
million. Deposits of $30.2 million in 4,700 accounts assumed by Bank
of Montana-Anaconda, Anaconda, Montana. FDIC outlay $14.7 million (PR-
41-92).
March 19
26 FARMERS & MERCHANTS BANK, TRYON, OKLAHOMA. Total assets $4.0 million.
Deposits of $3.9 million in 850 accounts assumed by Union National Bank
of Chandler, Chandler, Oklahoma. FDIC outlay $2.2 million (PR-43-92).
27 (w)INDEPENDENCE BANK, PLANO, TEXAS. Total assets $20.3 million. Total
deposits $19.4 million in 3,700 accounts. Insured deposits assumed by
First Western National Bank, Carrollton, Texas. Advance dividend of 67
percent of claims. FDIC outlay $3.6 million (PR-44-92).
28 SOUTHSIDE NATIONAL BANK, NACOGDOCHES, TEXAS. Total assets $11.1
million. Deposits of $10.8 million in 2,200 accounts assumed by
Ferdonia State Bank, Nacogdoches, Texas. FDIC outlay $5.1 million (PR-
45-92).
March 20
29 THE BANK FOR SAVINGS, MALDEN, MASSACHUSETTS. Total assets $407.5
million. Deposits of $387.6 million in 62,300 accounts assumed by
Medford Savings Bank, Medford, Massachusetts. FDIC outlay $126.8
million (PR-46-92).
30 (t)UNITED MERCANTILE BANK AND TRUST COMPANY, N.A., PASADENA,
CALIFORNIA. Total assets $29.0 million. Total deposits $28.3 million
in 1,500 accounts. Insured deposits transferred to OneCentral Bank,
Glendale, California. FDIC outlay $27.2 million (PR-47-92).
March 26
31 THEODORE ROOSEVELT NATIONAL BANK, WASHINGTON, D.C. Total assets $12.6
million. Deposits of $12.2 million in 1,700 accounts assumed by
Industrial Bank of Washington, Washington, D.C. FDIC outlay $11.6
million (PR-50-92).
32 AMERICAN BANK OF COMMERCE, OKLAHOMA CITY, OKLAHOMA. Total assets $13.1
million. Deposits of $13.3 million in 3,400 accounts assumed by
Rockwell Bank, N.A., Oklahoma City, Oklahoma. FDIC outlay $5.5 million
(PR-51-92).
March 27
33 VANGUARD SAVINGS BANK, HOLYOKE, MASSACHUSETTS. Total assets $406.5
million. Deposits of $407.7 million in 50,300 accounts assumed by
Fleet Bank of Massachusetts, N.A., Boston, Massachusetts. FDIC outlay
$402.7 million (PR-52-92).
34 PLACER BANK OF COMMERCE, ROSEVILLE, CALIFORNIA. Total assets $31.9
million. Deposits of $30.3 million in 2,300 accounts assumed by
American River Bank, Sacramento, California. FDIC outlay $22.6 million
(PR-53-92).
March 31
35 (t)FIRST COMMUNITY BANK OF CHEROKEE, WOODSTOCK, GEORGIA. Total assets
$36.1 million. Total deposits $34.7 million in 3,500 accounts.
Insured deposits transferred to Etowah Bank, Canton, Georgia. Advance
dividend 59 percent of uninsured claims. FDIC outlay $20.0 million (PR-
55-92).
April 3
36 (t)SUMMIT NATIONAL BANK, TORRINGTON, CONNECTICUT. Total assets $90.1
million. Total deposits of $89.3 million in 13,000 accounts. Insured
deposits transferred to American Bank of Connecticut, Waterbury,
Connecticut. FDIC outlay $79.0 million (PR-57-92).
37 (p)BANK OF BEVERLY HILLS, BEVERLY HILLS, CALIFORNIA. Total assets
$118.7 million. Total deposits $115.8 million in 1,500 accounts.
Insured deposits paid out. FDIC outlay $105.7 million (PR-58-92).
April 9
38 FAIRFIELD COUNTY TRUST COMPANY, STAMFORD, CONNECTICUT. Total assets
$132.4 million. Deposits of $132.0 million in 7,600 accounts assumed
by Chase Manhattan Bank of Connecticut, N.A., Bridgeport, Connecticut.
FDIC outlay $110.2 million (PR-60-92).
39 RED BIRD BANK OF DALLAS, DALLAS, TEXAS. Total assets $34.6 million.
Deposits of $33.4 million in 6,300 accounts assumed by Bank of the
Southwest, Dallas, Texas. FDIC outlay $24.0 million (PR-61-92).
April 24
40 THE NORWALK BANK, NORWALK, CONNECTICUT. Total assets $84.6 million.
Deposits of $76.8 million in 6,100 accounts assumed by Bank of Darien,
Darien, Connecticut. FDIC outlay $43.0 million (PR-67-92).
41 SOUTHSTATE BANK FOR SAVINGS, BROCKTON, MASSACHUSETTS. Total assets
$298.3 million. Deposits of $265.2 million in 34,700 accounts assumed
by BayBank, Burlington, Massachusetts. FDIC outlay $221.5 million (PR-
68-92).
42 SHORE BANK AND TRUST COMPANY, LYNN, MASSACHUSETTS. Total assets $189.4
million. Total deposits $171.6 million in 14,500 accounts. Insured
deposits assumed by Eastern Bank, Lynn, Massachusetts. Advance
dividend 59 percent of uninsured claims. FDIC outlay $154.6 million (PR-
69-92).
43 (t)VALLEY COMMERCIAL BANK, STOCKTON, CALIFORNIA. Total assets $29.0
million. Total deposits $27.5 million in 3,300 accounts. Insured
deposits transferred to Union Safe Deposit Bank, Stockton, California.
FDIC outlay $18.2 million (PR-70-92).
May 1
44 (t)METROPOLITAN BANK, N.A., WASHINGTON, D.C. Total assets $26.1
million. Total deposits $26.3 million in 1,021 accounts. Insured
deposits transferred to Adams National Bank, Washington, D.C. Advance
dividend 55 percent of claims. FDIC outlay $21.0 million (PR-71-92).
May 4
45 (p)THE FINANCIAL CENTER BANK, SAN FRANCISCO, CALIFORNIA. Total assets
$242.7 million. Total deposits $226.3 million in 6,500 accounts.
Insured deposits paid out. Advance dividend 45 percent of claims. FDIC
outlay $204.7 million (PR-72-92).
May 7
46 JACKSON EXCHANGE BANK AND TRUST COMPANY, JACKSON, MISSOURI. Total
assets $128.7 million. Total deposits $125.3 million in 18,400
accounts. Insured deposits assumed by Boatmen's National Bank of Cape
Girardeau, Cape Girardeau, Missouri. FDIC outlay $98.2 million (PR-
73-92).
47 FIRST EXCHANGE BANK OF CAPE GIRARDEAU, CAPE GIRARDEAU, MISSOURI. Total
assets $86.1 million. Total deposits $84.5 million in 7,500 accounts.
Insured deposits assumed by Commerce Bank of Poplar Bluff, N.A., Poplar
Bluff, Missouri. FDIC outlay $70.5 million (PR-73-92).
48 FIRST EXCHANGE BANK OF ST. LOUIS, ST. LOUIS, MISSOURI. Total assets
$59.4 million. Total deposits $59.7 million in 5,800 accounts. Insured
deposits assumed by Magna Bank of St. Louis, St. Louis, Missouri. FDIC
outlay $50.5 million (PR-73-92).
49 FIRST EXCHANGE BANK OF MADISON COUNTY, FREDERICKTOWN, MISSOURI. Total
assets $34.6 million. Total deposits $33.1 million in 5,800 accounts.
Insured deposits assumed by Commerce Bank of St. Francois County, N.A.,
Farmington, Missouri. FDIC outlay $13.6 million (PR-73-92).
50 FIRST EXCHANGE BANK OF NORTH ST. LOUIS COUNTY, FLORISSANT, MISSOURI.
Total assets $47.6 million. Total deposits $45.7 million in 6,500
accounts. Insured deposits assumed by First Bank A Savings Bank,
Clayton, Missouri. FDIC outlay $36.0 million (PR-73-92).
May 8
51 (t)BROOKFIELD BANK, BROOKFIELD, CONNECTICUT. Total assets $73.2
million. Total deposits $68.7 million in 4,900 accounts. Insured
deposits transferred to Bristol Federal Savings Bank, Bristol,
Connecticut. FDIC outlay $62.9 million (PR-73-92).
May 15
52 MALDEN TRUST COMPANY, MALDEN, MASSACHUSETTS. Total assets $234.6
million. Total deposits $237.0 million in 38,200 accounts. Insured
deposits assumed by Eastern Bank, Lynn, Massachusetts. Advance
dividend 75 percent of uninsured claims. FDIC outlay $189.6 million (PR-
79-92).
May 22
53 POWDER MILL BANK, MORRIS PLAINS, NEW JERSEY. Total assets $44.1
million. Deposits of $43.0 million in 4,600 accounts assumed by Valley
National Bank, Passaic, New Jersey. FDIC outlay $37.4 million (PR-
81-92).
May 29
54 WORKINGMEN'S CO-OPERATIVE BANK, BOSTON, MASSACHUSETTS. Total assets
$223.7 million. Deposits of $189.9 million in 23,200 accounts assumed
by The First National Bank of Boston (Bank of Boston), Boston,
Massachusetts. FDIC outlay $151.7 million (PR-84-92).
55 (p)NORTH AMERICAN THRIFT AND LOAN, CORONA DEL MAR, CALIFORNIA. Total
assets $18.8 million. Total deposits $18.8 million in 1,100 accounts.
Insured deposits paid out. Advance dividend 70% of uninsured claims.
FDIC outlay $18.1 million (PR-85-92).
June 4
56 (p)THE HOME STATE BANK, LONGTON, KANSAS, LONGTON, KANSAS. Total assets
$3.9 million. Total deposits $3.9 million. Insured deposits paid out.
FDIC outlay $3.9 million (PR-88-92).
57 MAYFAIR BANK, CHICAGO, ILLINOIS. Total assets $33.6 million. Total
deposits $30.2 million in 5,700 accounts. Insured deposits assumed by
Foster Bank, Chicago, Illinois. Advance dividend 66 percent of
uninsured claims. FDIC outlay $11.9 million (PR-89-92).
June 12
58 AMERICAN SAVINGS BANK, WHITE PLAINS, NEW YORK. Total assets $3.2
billion. Total deposits $2.8 billion in 271,500 accounts. Insured
deposits assumed by eight institutions. Advance dividend 75 percent of
uninsured claims. Resolved with Riverhead Savings Bank, White Plains,
New York. FDIC outlay $2.6 billion (PR-91-92).
59 RIVERHEAD SAVINGS, WHITE PLAINS, NEW YORK. Total assets $404.9
million. Total deposits $314.7 million in 36,600 accounts. Insured
deposits assumed by eight institutions. Advance dividend 75 percent of
uninsured claims. Resolved with American Savings Bank, White Plains,
New York. FDIC outlay about $300 million (PR-91-92).
60 LANDMARK BANK FOR SAVINGS, WHITMAN, MASSACHUSETTS. Total assets $54.4
million. Deposits of $43.5 million in 11,100 accounts assumed by
Abington Savings Bank, Abington, Massachusetts. FDIC outlay $22.1
million (PR-92-92).
61 AMERICAN INTERSTATE BANK, NEWPORT BEACH, CALIFORNIA. Total assets
$43.8 million. Total deposits $41.5 million in 2,800 accounts.
Insured deposits assumed by Marine National Bank, Irvine, California.
Advance dividend 75 percent of uninsured claims. FDIC outlay $27.7
million (PR-93-92).
June 25
62 CASTLE HILLS NATIONAL BANK, SAN ANTONIO, TEXAS. Total assets $13.6
million. Total deposits $13.2 million in 2,300 accounts. Insured
deposits assumed by International Bank of Commerce, Laredo, Texas.
Advance dividend 87 percent of uninsured claims. FDIC outlay $386,000
(PR-99-92).
63 AMERICAN NATIONAL BANK -- POST OAK, HOUSTON, TEXAS. Total assets $22.7
million. Total deposits $23.2 million in 3,000 accounts. Insured
deposits assumed by First Prosperity Bank, El Campo, Texas. Advance
dividend 78 percent of uninsured claims. FDIC outlay $8.0 million (PR-
100-92).
June 26
64 VERNON BANK, VERNON, CONNECTICUT. Total assets $36.9 million. Total
deposits $36.0 million in 3,700 accounts. Insured deposits assumed by
Bank of South Windsor, South Windsor, Connecticut. Advance dividend 84
percent of uninsured claims. FDIC outlay $3.4 million (PR-101-92).
65 THE SOMERSWORTH BANK, SOMERSWORTH, NEW HAMPSHIRE. Total assets $109.9
million. Deposits of $103.9 million in 11,000 accounts assumed by New
Dartmouth Bank, Manchester, New Hampshire. FDIC outlay $58.3 million
(PR-102-92).
66 OLYMPIC INTERNATIONAL BANK AND TRUST, BOSTON, MASSACHUSETTS. Total
assets $140.3 million. Total deposits $142.3 million in 3,800
accounts. Insured deposits assumed by Haymarket Cooperative Bank,
Boston, Massachusetts. Advance dividend 55 percent of uninsured
claims. FDIC outlay $127.7 million (PR-103-92).
July 17
67 (w)STATE BANK OF SPRINGFIELD, SPRINGFIELD, MINNESOTA. Total assets
$31.2 million. Deposits of $29.1 million in 4,400 accounts assumed by
Southwest State Bank, Windom, Minnesota. FDIC outlay $4.0 million (PR-
107-92).
July 23
68 FIRST NATIONAL BANK OF TEXAS, WEBSTER, TEXAS. Total assets $85.8
million. Total deposits $82.5 million in 6,700 accounts. Insured
deposits assumed by First Prosperity Bank, El Campo, Texas. Advance
dividend 75 percent of uninsured claims. FDIC outlay $28.8 million (PR-
108-92).
July 31
69 MASSACHUSETTS BANK AND TRUST COMPANY, BROCKTON, MASSACHUSETTS. Total
assets $63.1 million. Total deposits $58.6 million in 5,400 accounts.
Insured deposits assumed by Haymarket Co-operative Bank, Boston,
Massachusetts. FDIC outlay $44.6 million (PR-111-92).
August 7
70 FOXWORTH BANK, FOXWORTH, MISSISSIPPI. Total assets $37.4 million.
Deposits of $36.1 million in 5,700 accounts assumed by Trustmark
National Bank, Jackson, Mississippi. FDIC outlay $19.0 million (PR-
113-92).
August 14
71 WINCHENDON SAVINGS BANK, WINCHENDON, MASSACHUSETTS. Total assets $66.2
million. Deposits of $64.1 million in 11,400 accounts assumed by Athol
Savings Bank, Athol, Massachusetts. FDIC outlay $15.2 million (PR-
114-92).
August 21
72 ATTLEBORO PAWTUCKET SAVINGS BANK, PAWTUCKET, RHODE ISLAND (chartered in
Attleboro, Massachusetts). Total assets $605.8 million. Deposits of
$567.1 million in 104,800 accounts assumed by New Bedford Institution
for Savings, New Bedford, Massachusetts. FDIC outlay $38.5 million (PR-
117-92).
August 28
73 THE UNION SAVINGS BANK, PATCHOGUE, NEW YORK. Total assets $576.9
million. Insured deposits $546 million in about 64,300 accounts
assumed by Home Federal Savings Bank, Ridgewood, New York. Advance
dividend of 80 percent of uninsured claims. FDIC outlay $276
million. (PR-121-92)
74 SEACOAST SAVINGS BANK, DOVER, NEW HAMPSHIRE. Total assets $82.3
million. Insured deposits of $64.8 million in 15,000 accounts assumed
by First Savings and Loan Association of New Hampshire, Exeter, New
Hampshire. Advance dividend of 84 percent of uninsured claims. FDIC
outlay $15 million. (PR-122-92)
September 10
75 THE FIRST NATIONAL BANK OF YORKTOWN, YORKTOWN, TEXAS. Total assets
$32.9 million. Insured deposits $32.8 million in 4,600 accounts
assumed by Citizens Bank, Kilgore, Texas. Advance dividend of 31
percent of uninsured claims. FDIC outlay $15.9 million (PR-127-92)
September 18
76 THE WASHINGTON BANK, FAIRFAX COUNTY, VIRGINIA. Total assets $26.6
million. Insured deposits of $24.3 million in 1,950 accounts assumed
by The George Mason Bank, Fairfax, Virginia. Advance dividend of 64
percent of uninsured claims. FDIC outlay $17.8 million (PR-130-92).
77 PLYMOUTH FIVE CENTS SAVINGS BANK, PLYMOUTH, MASSACHUSETTS. Total
assets $216.2 million. Deposits of $182.1 million in 31,00 accounts
assumed by Citizens Bank of Massachusetts, Fairhaven, Massachusetts.
FDIC outlay $22.6 million (PR-131-92).
September 24
78 FIRST EXCHANGE BANK OF LITTLE ROCK, N.A., LITTLE ROCK, ARKANSAS. Total
assets $22.2 million. Insured deposits of $20.8 million in 1,500
accounts assumed by First Commercial Bank, N.A., Little Rock, Arkansas.
FDIC outlay $11.6 million (PR-132-92).
September 25
79 HOMETOWN BANK, EDISON, NEW JERSEY. Total assets $26.0 million.
Deposits of $24.9 million in 1,800 accounts assumed by Somerset Trust
Company, Bridgewater Township, New Jersey. FDIC outlay $21.5 million
(PR-134-92).
80 HIGHLANDS COMMUNITY BANK, N.A., CLINTON TOWNSHIP, NEW JERSEY. Total
assets $20.6 million. Deposits of $19.7 million in 1,500 accounts
assumed by Somerset Trust Company, Bridgewater Township, New Jersey.
FDIC outlay $11.2 million (PR-135-92).
October 2
81 THE HOWARD SAVINGS BANK, NEWARK, NEW JERSEY. Total assets $3.6
billion. Deposits of $3.4 billion in 400,000 accounts assumed by First
Fidelity Bank, N.A., Newark, New Jersey. FDIC outlay $310 million (PR-
137-92).
82 FIRST CONSTITUTION BANK, NEW HAVEN, CONNECTICUT. Total assets $1.6
billion. Deposits of $1.4 billion in 130,000 accounts assumed by First
Federal Bank, FSB, Waterbury, Connecticut. FDIC outlay $4.2 million
(PR-138-92).
83 (t)EASTWEST BANK, NATIONAL ASSOCIATION, KIHEI, HAWAII. Total assets
$3.4 million. Total deposits $3.2 million in 1,050 accounts (no
uninsured deposits). Insured deposits transferred to First Hawaiian
Bank, Honolulu, Hawaii. FDIC outlay $497,000 (PR-139-92).
October 6
84 (a)FREEDOM BANK, RANGER, TEXAS. Total assets $21.6 million. Total
deposits of $20.9 million acquired by Peoples State Bank, Clyde, Texas.
FDIC Board approved assistance September 25, 1992. FDIC outlay
$360,970 (PR-141-92).
October 16
85 (p)UNIVERSAL BANK, LANHAM, MARYLAND. Total assets $22.1 million.
Total deposits $20.5 million in 1,500 accounts. Insured deposits paid
out. Advance dividend of 56 percent. FDIC outlay $19.8 million (PR-
144-92).
October 30
86-105 SUBSIDIARIES OF FIRST CITY BANCORPORATION OF TEXAS, INC., HOUSTON,
(b)TEXAS. Total assets $8.8 billion. Total deposits $7.9 billion in
900,000 accounts. FDIC created 20 bridge banks (New First City-Texas,
Houston, N.A., e.g.) to assume all assets and insured deposits of:
FIRST CITY, TEXAS-HOUSTON, N.A.
FIRST CITY, TEXAS-AUSTIN, N.A.
FIRST CITY, TEXAS-DALLAS
FIRST CITY, TEXAS-SAN ANTONIO, N.A.
80 percent advance dividend paid to uninsured claims. All
deposits in remaining 16 banks assumed by the following bridge
banks:
New First City, Texas -- El Paso, N.A.
New First City, Texas -- Aransas Pass, N.A.
New First City, Texas -- Lake Jackson, N.A.
New First City, Texas -- Alice, N.A.
New First City, Texas -- San Angelo, N.A.
New First City, Texas -- Orange, N.A.
New First City, Texas -- Midland, N.A.
New First City, Texas -- Lufkin, N.A.
New First City, Texas -- Tyler, N.A.
New First City, Texas -- Corpus Christi, N.A.
New First City, Texas -- Beaumont, N.A.
New First City, Texas -- Bryan, N.A.
New First City, Texas -- Madisonville, N.A.
New First City, Texas -- Kountze, N.A.
New First City, Texas -- Graham, N.A.
New First City, Texas -- Sour Lake, N.A.
On January 27, 1993, the 20 First City bridge banks were assumed by 13
acquirors (PR-7-93).
November 6
106 GREENWOOD BANK OF BETHEL, BETHEL, CONNECTICUT. Total assets $36.9
million. Deposits of $33.3 in 2,400 accounts assumed by Union Savings
Bank of Danbury, Danbury, Connecticut. FDIC outlay $29.1 million (PR-
153-92).
November 13
107 GUARANTY-FIRST TRUST COMPANY, WALTHAM, MASSACHUSETTS. Total assets
$325.5 million. Total deposits $313.0 million in 31,400 accounts.
Insured deposits assumed by Fleet Bank of Massachusetts, N.A., Boston,
Massachusetts. FDIC outlay $286.9 million. Advance dividend 66
percent of uninsured claims (PR-154-92).
108 FIRST NEW YORK BANK FOR BUSINESS, NEW YORK, NEW YORK. Total assets
$548.2 million. Total deposits $500.7 million in 22,000 accounts.
Insured deposits assumed by The Merchants Bank of New York, New York,
New York. FDIC outlay $406.2 million. Advance dividend 50 percent of
uninsured claims (PR-155-92).
109(b)METRO NORTH STATE BANK, KANSAS CITY, MISSOURI. Total assets $472
million. Total deposits $494 million in 64,000 accounts. FDIC created
new bridge bank, Missouri Bridge Bank, National Association, to assume
all assets and insured deposits. Advanced dividend 50 percent of
uninsured claims (PR-156-92). Missouri Bridge Bank purchased by
Boatmen's First National Bank of Kansas City, Kansas City, Missouri on
April 6, 1993. Additional advance dividend 10 percent of uninsured
claims (PR-32-93).
110INVESTORS BANK & TRUST COMPANY, GRETNA, LOUISIANA. Total assets $50.4
million. Deposits of $48.1 million in 7,900 accounts assumed by Delta
Bank & Trust, Belle Chasse, Louisiana. FDIC outlay $808,000 (PR-157-92).
111 STATEWIDE THRIFT AND LOAN, REDWOOD CITY, CALIFORNIA. Total assets
$10.4 million. Deposits of $9.5 million in 600 accounts assumed by
Fireside Thrift Company, Newark, California. FDIC outlay $3.8 million
(PR-158-92).
November 23
112(b)THE MERCHANTS BANK, KANSAS CITY, MISSOURI. Total assets $1.5
billion. Total deposits $1.4 billion in 70,000 accounts. Assets and
insured deposits assumed by FDIC-created Missouri Bridge Bank, N.A.
Advanced dividend 50 percent of uninsured claims (PR-160-92). Missouri
Bridge Bank purchased by Boatmen's First National Bank of Kansas City,
Kansas City, Missouri, on April 6, 1993. Additional advance dividend
25 percent of uninsured claims (PR-32-93).
December 4
113 HERITAGE BANK FOR SAVINGS, HOLYOKE, MASSACHUSETTS. Total assets $1.32
billion. Deposits of $984.7 million in 136,800 accounts assumed by
Fleet Bank of Massachusetts, N.A., Boston, Massachusetts. FDIC outlay
$108.7 million (PR-167-92).
114 BURRITT INTERFINANCIAL BANCORPORATION, NEW BRITAIN, CONNECTICUT. Total
assets $546.4 million. Total deposits $489.4 million in 53,500
accounts. Insured deposits assumed by Derby Savings Bank, Derby,
Connecticut. Advance dividend 72 percent of uninsured claims. FDIC
outlay $239.3 million (PR-168-92).
115(p) HUNTINGTON PACIFIC THRIFT AND LOAN ASSOCIATION, HUNTINGTON BEACH,
CALIFORNIA. Total assets $42.0 million. Total deposits $37.3 million
in 820 accounts. Insured deposits paid out. FDIC outlay $37.1 million
(PR-169-92).
December 10
116(a) CITIZENS STATE BANK, PRINCETON, TEXAS. Open assistance approved for
loan guarantees worth $599,000. Total assets $13.2 million. Deposits
of $12.6 million assumed by Princeton Investor Group, Inc., Princeton,
Texas (PR-172-92).
December 11
117 MERITOR SAVINGS BANK, PHILADELPHIA, PENNSYLVANIA. Total assets $4.1
billion. Deposits of $2.9 billion in 344,000 accounts assumed by
Mellon Bank, N.A., Pittsburgh, Pennsylvania (PR-173-92).
118-119 EASTLAND SAVINGS BANK, WOONSOCKET, RHODE ISLAND, and EASTLAND BANK,
WOONSOCKET, RHODE ISLAND. Total assets $482 million. Total deposits
$445.2 million in 103,000 accounts. Insured deposits assumed by Fleet
National Bank, Providence, Rhode Island. Advance dividend 71 percent
of uninsured claims. FDIC outlay $40 million (PR-174-92).
120 SAILORS AND MERCHANTS BANK AND TRUST, VIENNA, VIRGINIA. Total assets
$33.0 million. Deposits of $31.7 million in 6,000 accounts assumed by
First Union Bank of Virginia, Vienna, Virginia. FDIC outlay $14.7
million (PR-175-92).
December 18
121(p)THE BREMEN STATE BANK, BREMEN, KANSAS. Total assets $2.3 million.
Total deposits $2.4 million in 370 accounts (no uninsured deposits).
Insured deposits paid out. FDIC outlay $2.4 million (PR-178-92).
122 THE RUSHVILLE NATIONAL BANK, RUSHVILLE, INDIANA. Total assets $35.6
million. Total deposits $31.9 million in 6,000 accounts. Insured
deposits assumed by Peoples Trust Company, Brookville, Indiana.
Advance dividend 54 percent of uninsured claims. FDIC outlay $1.6
million (PR-179-92).
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