Data / Bank failures / 1990 / Financial Savings of Hartford FSB
Financial Savings of Hartford FSB, Hartford, CT: failed August 17, 1990
Financial Savings of Hartford FSB in Hartford, Connecticut, failed on August 17, 1990. Northeast Savings, FA of Hartford, CT, took over its deposits. It held $21.9 million in assets and $17.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.2 million (14.8% of its assets). By assets it was the 305th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- August 17, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Northeast Savings, FA, Hartford, CT
- Total assets
- $21,927,000
- Total deposits
- $17,578,000
- Estimated cost to the FDIC
- $3,240,324 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 32371
Other bank failures in Connecticut, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Burritt Interfinancial Bancorporation | New Britain | December 4, 1992 | $523.9 million | $506 million | $79 million | Derby 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 |
| The Norwalk Bank | Norwalk | April 24, 1992 | $80.6 million | $77.2 million | $17.4 million | Bank of Darien |
| Fairfield County Trust Company | Stamford | April 9, 1992 | $132.4 million | $132 million | $19.2 million | Chase Manhattan BK of CT |
All bank failures in 1990 · 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.