The Graveyard › Banks › 1992
Greenwood Bank of Bethel, Inc.
Bethel, CT · failed November 6, 1992 · FDIC certificate 27456
Greenwood Bank of Bethel, Inc. of Bethel, CT failed on November 6, 1992. It opened on February 18, 1989, 3 years before. At its last report before that it held $33.3 million in assets and $33.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $43.9 million. The FDIC estimates that the Bank Insurance Fund lost $9.8 million on it.
1989-031992-09
Assets at the end$33.3 millionlast report before November 6, 1992
Deposits at the end$33.2 million
Estimated loss to the fund$9.8 millionBIF
Largest in the quarterly reports$43.9 millionSeptember 30, 1990
Equity to assets-4.1%September 30, 1992
Loans not being repaid14.1%noncurrent, September 30, 1992
Return on assets-11.19%a year's rate, September 30, 1992
Staff20full time, September 30, 1992
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.