The Graveyard › Banks › 1991
Central Bank
Meriden, CT · failed October 18, 1991 · FDIC certificate 17822
Central Bank of Meriden, CT failed on October 18, 1991. It opened on July 12, 1851, 140 years before. At its last report before that it held $654.7 million in assets and $627.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $823.2 million. The FDIC estimates that the Bank Insurance Fund lost $242.1 million on it.
1984-031991-06
Assets at the end$654.7 millionlast report before October 18, 1991
Deposits at the end$627.9 million
Estimated loss to the fund$242.1 millionBIF
Largest in the quarterly reports$823.2 millionJune 30, 1990
Equity to assets-8.7%June 30, 1991
Loans not being repaid20.5%noncurrent, June 30, 1991
Return on assets-17.39%a year's rate, June 30, 1991
Staff227full time, June 30, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.