The Graveyard › Banks › 1992

Burritt InterFinancial Bancorporation

New Britain, CT · failed December 4, 1992 · FDIC certificate 18245

Burritt InterFinancial Bancorporation of New Britain, CT failed on December 4, 1992. It opened on October 1, 1889, 103 years before. At its last report before that it held $523.9 million in assets and $506.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1990, it held $715.5 million. The FDIC estimates that the Bank Insurance Fund lost $79.0 million on it.

1984-031992-09

Assets at the end$523.9 millionlast report before December 4, 1992

Deposits at the end$506.0 million

Estimated loss to the fund$79.0 millionBIF

Largest in the quarterly reports$715.5 millionMarch 31, 1990

Equity to assets1.7%September 30, 1992

Loans not being repaid8.6%noncurrent, September 30, 1992

Return on assets-1.50%a year's rate, September 30, 1992

Staff182full time, September 30, 1992

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Also ended in 1992

Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
Carteret FSB · Madison, NJ · $4.8 billion in assets
Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
The Howard Savings Bank · Newark, NJ · $3.5 billion in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.