Data / Bank failures / 1992 / Vernon Bank
Vernon Bank, Vernon, CT: failed June 26, 1992
Vernon Bank in Vernon, Connecticut, failed on June 26, 1992. Bank of South Windsor of South Windsor, CT, took over its deposits. It held $34.3 million in assets and $34.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.1 million (9.1% of its assets). By assets it was the 143rd 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 of the insured deposits only
- Acquirer
- Bank of South Windsor, South Windsor, CT
- Total assets
- $34,296,000
- Total deposits
- $34,543,000
- Estimated cost to the FDIC
- $3,132,851 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 27402
Other bank failures in Connecticut, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Meriden Trust and Safe Deposit | Meriden | July 7, 1994 | $3.2 million | People's Savings Bank & Tru | ||
| The Bank of Hartford | Hartford | June 10, 1994 | $321.5 million | $276 million | $13.8 million | Eagle Federal Savings Ba |
| New England Savings Bank | New London | May 21, 1993 | $914.9 million | $720.5 million | $117 million | Citizens Savings Bank |
| Burritt Interfinancial Bancorporation | New Britain | December 4, 1992 | $523.9 million | $506 million | $79 million | Derby Savings Bank |
| Greenwood Bank of Bethel, Inc. | Bethel | November 6, 1992 | $33.3 million | $33.2 million | $9.8 million | Union SB of Danbury |
| First Constitution Bank | New Haven | October 2, 1992 | $1.57 billion | $1.35 billion | $125.6 million | First Federal Bank A FSB |
| Coastal FSB | New London | June 19, 1992 | $238.2 million | $224.5 million | $5.9 million | |
| Brookfield Bank | Brookfield | May 8, 1992 | $60.7 million | $68.7 million | $41.7 million | Bristol Federal Savings |
Other failed banks Bank of South Windsor took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Bank of East Hartford | East Hartford | CT | December 13, 1991 | $36.6 million | $38.4 million | $12.9 million | Bank of South Windsor |
All bank failures in 1992 · All bank failures in Connecticut · Every failed bank Bank of South Windsor 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.