Data / Bank failures / 1991 / Iona Savings Bank
Iona Savings Bank, Tilton, NH: failed October 11, 1991
Iona Savings Bank in Tilton, New Hampshire, failed on October 11, 1991. First Savings and Loan Asso of Exeter, NH, took over its deposits. It held $31.2 million in assets and $29.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.3 million (17.1% of its assets). By assets it was the 210th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- October 11, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Savings and Loan Asso, Exeter, NH
- Total assets
- $31,180,000
- Total deposits
- $29,513,000
- Estimated cost to the FDIC
- $5,333,755 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- BIF
- FDIC certificate
- 17189
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 |
| 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 |
| Bank Meridian, National Association | Hampton | October 10, 1991 | $109.4 million | $105.4 million | $8.2 million | First NH Bank |
All bank failures in 1991 · 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.