The Graveyard › Banks › 1992
Colony Savings Bank
Wallingford, CT · failed February 28, 1992 · FDIC certificate 26364
Colony Savings Bank of Wallingford, CT failed on February 28, 1992. It opened on September 12, 1985, 6 years before. At its last report before that it held $35.7 million in assets and $32.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $46.0 million. The FDIC estimates that the Bank Insurance Fund lost $5.7 million on it.
1985-091991-12
Assets at the end$35.7 millionlast report before February 28, 1992
Deposits at the end$32.8 million
Estimated loss to the fund$5.7 millionBIF
Largest in the quarterly reports$46.0 millionSeptember 30, 1988
Equity to assets0.1%December 31, 1991
Loans not being repaid7.0%noncurrent, December 31, 1991
Return on assets-2.18%a year's rate, December 31, 1991
Staff16full time, December 31, 1991
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.