The Graveyard › Banks › 2002
Connecticut Bank of Commerce
Stamford, CT · failed June 26, 2002 · FDIC certificate 19183
Connecticut Bank of Commerce of Stamford, CT failed on June 26, 2002. It opened on July 23, 1964, 37 years before. At its last report before that it held $384.2 million in assets and $344.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2001, it held $417.9 million. The FDIC estimates that the Bank Insurance Fund lost $53.8 million on it.
1984-032002-03
Assets at the end$384.2 millionlast report before June 26, 2002
Deposits at the end$344.4 million
Estimated loss to the fund$53.8 millionBIF
Largest in the quarterly reports$417.9 millionSeptember 30, 2001
Equity to assets7.7%March 31, 2002
Loans not being repaid6.2%noncurrent, March 31, 2002
Return on assets1.31%a year's rate, March 31, 2002
Staff161full time, March 31, 2002
Also ended in 2002
- Hamilton Bank, National Association · Miami, FL · $1.4 billion in assets
- Nextbank · Phoenix, AZ · $700.2 million in assets
- AmTrade International Bank of Georgia · Atlanta, GA · $92.1 million in assets
- Oakwood Deposit Bank · Oakwood, OH · $72.3 million in assets
- The Bank of Alamo · Alamo, TN · $58.5 million in assets
- Universal FSB · Chicago, IL · $51.6 million 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.