The Graveyard › Banks › 1991
Citytrust
Bridgeport, CT · failed August 9, 1991 · FDIC certificate 2531
Citytrust of Bridgeport, CT failed on August 9, 1991. It opened on September 6, 1848, 142 years before. At its last report before that it held $1.9 billion in assets and $1.8 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $2.6 billion. The FDIC estimates that the Bank Insurance Fund lost $511.1 million on it.
1984-031991-06
Assets at the end$1.9 billionlast report before August 9, 1991
Deposits at the end$1.8 billion
Estimated loss to the fund$511.1 millionBIF
Largest in the quarterly reports$2.6 billionDecember 31, 1989
Equity to assets-5.7%June 30, 1991
Loans not being repaid26.1%noncurrent, June 30, 1991
Return on assets-7.74%a year's rate, June 30, 1991
Staff952full 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.