Data / Bank failures / 1992 / The Somersworth Bank
The Somersworth Bank, Somersworth, NH: failed June 26, 1992
The Somersworth Bank in Somersworth, New Hampshire, failed on June 26, 1992. New Dartmouth Bank of Manchester, NH, took over its deposits. It held $114.1 million in assets and $113.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $18.4 million (16.2% of its assets). By assets it was the 83rd largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- June 26, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- New Dartmouth Bank, Manchester, NH
- Total assets
- $114,129,000
- Total deposits
- $113,453,000
- Estimated cost to the FDIC
- $18,433,274 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 6251
Other bank failures in New Hampshire, 1990 to 1994
| 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 |
| 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 |
| Bank Meridian, National Association | Hampton | October 10, 1991 | $109.4 million | $105.4 million | $8.2 million | First NH Bank |
Other failed banks New Dartmouth Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| New Hampshire Savings Bank | Concord | NH | October 10, 1991 | $1.17 billion | $947.2 million | $229.7 million | New Dartmouth Bank |
| Dartmouth Bank | Manchester | NH | October 10, 1991 | $877.2 million | $835.3 million | $220.6 million | New Dartmouth Bank |
| Numerica Savings Bank, FSB | Manchester | NH | October 10, 1991 | $509.1 million | $436.5 million | $111 million | New Dartmouth Bank |
All bank failures in 1992 · All bank failures in New Hampshire · Every failed bank New Dartmouth 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.