Data / Bank failures / 1990 / U.S. Savings Bank of America
U.S. Savings Bank of America, Seabrook, NH: failed July 27, 1990
U.S. Savings Bank of America in Seabrook, New Hampshire, failed on July 27, 1990. Family Savings Bank of New of Seabrook, NH, took over its deposits. It held $12.4 million in assets and $12.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.5 million (12.2% of its assets). By assets it was the 355th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- July 27, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Family Savings Bank of New, Seabrook, NH
- Total assets
- $12,416,000
- Total deposits
- $12,068,000
- Estimated cost to the FDIC
- $1,511,407 (estimate as of July 31, 2026)
- Charter
- Savings institution
- Insurance fund
- BIF
- FDIC certificate
- 25229
Other bank failures in New Hampshire, 1988 to 1992
| 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 |
All bank failures in 1990 · 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.