The Graveyard › Banks › 1996
Fairfield First Bank & Trust Co
Southport, CT · failed July 12, 1996 · FDIC certificate 26431
Fairfield First Bank & Trust Co of Southport, CT failed on July 12, 1996. It opened on October 31, 1985, 10 years before. At its last report before that it held $57.3 million in assets and $57.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1991, it held $77.2 million. The FDIC estimates that the Bank Insurance Fund lost $5.7 million on it.
1985-121996-03
Assets at the end$57.3 millionlast report before July 12, 1996
Deposits at the end$57.3 million
Estimated loss to the fund$5.7 millionBIF
Largest in the quarterly reports$77.2 millionJune 30, 1991
Equity to assets-0.7%March 31, 1996
Loans not being repaid23.2%noncurrent, March 31, 1996
Return on assets-4.08%a year's rate, March 31, 1996
Staff37full time, March 31, 1996
Also ended in 1996
- First NB of the Panhandle · Panhandle, TX · $68.1 million in assets
- Metrobank of Philadelphia · Philadelphia, PA · $40.4 million in assets
- Union Federal Bank, FSB · Los Angeles, CA · $32.6 million in assets
- Peoples Bank and Trust · Borger, TX · $22.7 million in assets
- Commonwealth Thrift and Loan · Torrance, CA · $11.5 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.