The Graveyard › Banks › 1991
Connecticut Valley Bank
Cromwell, CT · failed October 18, 1991 · FDIC certificate 27373
Connecticut Valley Bank of Cromwell, CT failed on October 18, 1991. It opened on November 7, 1988, 2 years before. At its last report before that it held $28.4 million in assets and $27.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $35.1 million. The FDIC estimates that the Bank Insurance Fund lost $8.6 million on it.
1988-121991-06
Assets at the end$28.4 millionlast report before October 18, 1991
Deposits at the end$27.9 million
Estimated loss to the fund$8.6 millionBIF
Largest in the quarterly reports$35.1 millionDecember 31, 1989
Equity to assets1.3%June 30, 1991
Loans not being repaid12.0%noncurrent, June 30, 1991
Return on assets-2.03%a year's rate, June 30, 1991
Staff12full 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.