Data / Bank failures / 1993 / First National Bank of Vermont
First National Bank of Vermont, Bradford, VT: failed January 29, 1993
First National Bank of Vermont in Bradford, Vermont, failed on January 29, 1993. New First NB of Vermont of Bradford, VT, took over its deposits. It held $295.8 million in assets and $282.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $25.5 million (8.6% of its assets). By assets it was the 4th largest of 50 banks closed or assisted in 1993.
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The FDIC's record
- Closed
- January 29, 1993
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- New First NB of Vermont, Bradford, VT
- Total assets
- $295,784,000
- Total deposits
- $282,378,000
- Estimated cost to the FDIC
- $25,527,978 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 6290
Other bank failures in Vermont, 1991 to 1995
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Valley Bank | White River Junction | September 13, 1991 | $33.7 million | $35.6 million | $11.1 million | Vermont National Bank |
All bank failures in 1993 · All bank failures in Vermont · 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.