Uninsured Depositors Face Losses on The Failure of The Community’s Bank, Bridgeport, CT

For the first time in over a decade a Connecticut bank failed as regulators swooped in to close The Community’s Bank, with headquarters in Bridgeport, CT. The Community’s Bank was a very small bank with only $26.3 million in assets that was floundering under an avalanche of nonperforming loans.  Established in 2001 the Bank was […]