The Graveyard › Banks › 1992
Fairfield County Trust Company
Stamford, CT · failed April 9, 1992 · FDIC certificate 23860
Fairfield County Trust Company of Stamford, CT failed on April 9, 1992. It opened on June 21, 1982, 9 years before. At its last report before that it held $132.4 million in assets and $132.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $166.5 million. The FDIC estimates that the Bank Insurance Fund lost $19.2 million on it.
1984-031991-12
Assets at the end$132.4 millionlast report before April 9, 1992
Deposits at the end$132.0 million
Estimated loss to the fund$19.2 millionBIF
Largest in the quarterly reports$166.5 millionMarch 31, 1988
Equity to assets-0.7%December 31, 1991
Loans not being repaid21.8%noncurrent, December 31, 1991
Return on assets-6.23%a year's rate, December 31, 1991
Staff42full 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.