Data / Bank failures / 1991 / First Northern Coop
First Northern Coop, Keene, NH: failed February 20, 1991
First Northern Coop in Keene, New Hampshire, failed on February 20, 1991. Granite Bank of Keene, NH, took over its deposits. It held $114.6 million in assets and $87 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $25.8 million (22.5% of its assets). By assets it was the 117th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- February 20, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Granite Bank, Keene, NH
- Total assets
- $114,564,000
- Total deposits
- $87,048,000
- Estimated cost to the FDIC
- $25,823,673 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29370
Other bank failures in New Hampshire, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Seacoast Savings Bank | Dover | August 28, 1992 | $84.8 million | $64.8 million | $7.1 million | First S&LA of New Hampsh |
| The Somersworth Bank | Somersworth | June 26, 1992 | $114.1 million | $113.5 million | $18.4 million | New Dartmouth Bank |
| Atlantic Trust Company | Newington | January 30, 1992 | $21.2 million | $22.7 million | $5.8 million | Fleet Bank-Nh |
| Durham Trust Company | Durham | November 15, 1991 | $71 million | $68.5 million | $6.3 million | Granite Bank |
| Iona Savings Bank | Tilton | October 11, 1991 | $31.2 million | $29.5 million | $5.3 million | First Savings and Loan Asso |
| Homebank Fsa | Gilford | October 10, 1991 | $255.1 million | $192.1 million | $16.7 million | |
| New Hampshire Savings Bank | Concord | October 10, 1991 | $1.17 billion | $947.2 million | $229.7 million | New Dartmouth Bank |
| Dartmouth Bank | Manchester | October 10, 1991 | $877.2 million | $835.3 million | $220.6 million | New Dartmouth Bank |
Other failed banks Granite Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Durham Trust Company | Durham | NH | November 15, 1991 | $71 million | $68.5 million | $6.3 million | Granite Bank |
All bank failures in 1991 · All bank failures in New Hampshire · Every failed bank Granite Bank took over · 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.