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Article: CHASE MANHATTAN OF CONNECTICUT EXPANDS; ACQUIRES DEPOSITS OF FAIRFIELD COUNTY TRUST COMPANY
- Article from:
- PR Newswire
- Article date:
- April 9, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHASE MANHATTAN OF CONNECTICUT EXPANDS;
ACQUIRES DEPOSITS OF FAIRFIELD COUNTY TRUST COMPANY
NEW YORK, April 9 /PRNewswire/ -- Reaffirming its commitment to southern Connecticut, The Chase Manhattan Bank of Connecticut, N.A., announced that it today acquired from the Federal Deposit Insurance Corporation approximately $120 million in deposit accounts and the branches of The Fairfield County Trust Company, which was headquartered in Stamford. Chase Connecticut also purchased a small portfolio of Fairfield County Trust's secured loans.
Chase Connecticut will pay the FDIC a $500,000 premium for Fairfield County Trust's deposits.
Fairfield County ...
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