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Bank Failures & Assistance

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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Last Updated 01/25/2008 Customer Service

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