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FEDERAL RESERVE BANK
OF NEW YORK

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Circular No. 10503
December 20, 1991

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Closing of The Bank Mart
and Community National Bank & Trust Company
To All Depository Institutions, and Others
Concerned, in the Second Federal Reserve District:

The Bank Mart
We have been advised that on December 13, 1991 the State Banking Commissioner of the State
of Connecticut declared The Bank Mart, Bridgeport, Connecticut (“Bank Mart”) insolvent and or­
dered it closed. The Federal Deposit Insurance Corporation was appointed receiver and entered into
an agreement with Gateway Bank, South Norwalk, Connecticut, under which Gateway Bank ac­
quired certain assets and accepted the transfer of certain liabilities of Bank Mart.
Gateway Bank has agreed to accept all items sent to or payable by, through, or at Bank Mart
(including checks and ACH items) and to accept the return of items originally deposited at Bank
Mart. Gateway Bank will continue to use the routing number formerly used by Bank Mart
(2211-7219-9).

Community National Bank & Trust Company
We also have been advised that on November 8, 1991, the Comptroller of the Currency declared
Community National Bank & Trust Company, Staten Island, New York (routing number
0260-0488-6) (“Community”) insolvent and ordered it closed. The Federal Deposit Insurance Cor­
poration was appointed receiver and transferred certain assets and liabilities of Community to Chem­
ical Bank, New York, New York (“Chemical”).
Chemical has agreed to accept certain payment transactions, including checks and automated
clearing house items payable by, through, or at Community and to accept the return of items orig­
inally deposited at Community.




E. G e r a l d C o r r ig a n ,

President.