Data / Bank failures / 1992 / Burritt Interfinancial Bancorporation
Burritt Interfinancial Bancorporation, New Britain, CT: failed December 4, 1992
Burritt Interfinancial Bancorporation in New Britain, Connecticut, failed on December 4, 1992. Derby Savings Bank of Derby, CT, took over its deposits. It held $523.9 million in assets and $506 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $79 million (15.1% of its assets). By assets it was the 31st largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- December 4, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Derby Savings Bank, Derby, CT
- Total assets
- $523,850,000
- Total deposits
- $506,022,000
- Estimated cost to the FDIC
- $78,972,893 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- BIF
- FDIC certificate
- 18245
Other bank failures in Connecticut, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Meriden Trust and Safe Deposit | Meriden | July 7, 1994 | $3.2 million | People's Savings Bank & Tru | ||
| The Bank of Hartford | Hartford | June 10, 1994 | $321.5 million | $276 million | $13.8 million | Eagle Federal Savings Ba |
| New England Savings Bank | New London | May 21, 1993 | $914.9 million | $720.5 million | $117 million | Citizens Savings Bank |
| Greenwood Bank of Bethel, Inc. | Bethel | November 6, 1992 | $33.3 million | $33.2 million | $9.8 million | Union SB of Danbury |
| First Constitution Bank | New Haven | October 2, 1992 | $1.57 billion | $1.35 billion | $125.6 million | First Federal Bank A FSB |
| Vernon Bank | Vernon | June 26, 1992 | $34.3 million | $34.5 million | $3.1 million | Bank of South Windsor |
| Coastal FSB | New London | June 19, 1992 | $238.2 million | $224.5 million | $5.9 million | |
| Brookfield Bank | Brookfield | May 8, 1992 | $60.7 million | $68.7 million | $41.7 million | Bristol Federal Savings |
All bank failures in 1992 · All bank failures in Connecticut · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.