Data / Bank failures / 2001 / First Alliance Bank and Trust Co
First Alliance Bank and Trust Co, Manchester, NH: failed February 2, 2001
First Alliance Bank and Trust Co in Manchester, New Hampshire, failed on February 2, 2001. Southern New Hampshire Bank of Salem, NH, took over its deposits. It held $17.4 million in assets and $16.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $816,646 (4.7% of its assets). By assets it was the 3rd largest of 4 banks closed or assisted in 2001.
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The FDIC's record
- Closed
- February 2, 2001
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Southern New Hampshire Bank, Salem, NH
- Total assets
- $17,438,000
- Total deposits
- $16,931,000
- Estimated cost to the FDIC
- $816,646 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 34264
All bank failures in 2001 · All bank failures in New Hampshire · 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.