The Graveyard › Banks › 1991
Community National Bank
Glastonbury, CT · failed January 11, 1991 · FDIC certificate 26302
Community National Bank of Glastonbury, CT failed on January 11, 1991. It opened on July 15, 1985, 5 years before. At its last report before that it held $85.4 million in assets and $86.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $121.7 million. The FDIC estimates that the Bank Insurance Fund lost $26.6 million on it.
1985-091990-09
Assets at the end$85.4 millionlast report before January 11, 1991
Deposits at the end$86.9 million
Estimated loss to the fund$26.6 millionBIF
Largest in the quarterly reports$121.7 millionSeptember 30, 1989
Equity to assets-2.8%September 30, 1990
Loans not being repaid12.2%noncurrent, September 30, 1990
Return on assets-11.18%a year's rate, September 30, 1990
Staff48full time, September 30, 1990
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.