The Graveyard › Banks › 1995
Founders Bank
New Haven, CT · failed July 28, 1995 · FDIC certificate 26187
Founders Bank of New Haven, CT failed on July 28, 1995. It opened on March 28, 1985, 10 years before. At its last report before that it held $77.4 million in assets and $77.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $107.3 million. The FDIC estimates that the Bank Insurance Fund lost $10.4 million on it.
1985-031995-03
Assets at the end$77.4 millionlast report before July 28, 1995
Deposits at the end$77.4 million
Estimated loss to the fund$10.4 millionBIF
Largest in the quarterly reports$107.3 millionSeptember 30, 1989
Equity to assets-0.5%March 31, 1995
Loans not being repaid7.5%noncurrent, March 31, 1995
Return on assets-14.05%a year's rate, March 31, 1995
Staff32full time, March 31, 1995
Also ended in 1995
- Continental Savings of America · San Francisco, CA · $359.4 million in assets
- Guardian Bank · Los Angeles, CA · $316.9 million in assets
- First Trust Bank · Ontario, CA · $227.7 million in assets
- Pacific Heritage Bank · Torrance, CA · $147.7 million in assets
- American S & L Association · New York, NY · $64.4 million in assets
- Los Angeles Thrift and Loan Company · Los Angeles, CA · $23.4 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.