The Graveyard › Banks › 1991
MidCounty Bank and Trust Company
Norwood, MA · failed September 27, 1991 · FDIC certificate 26843
MidCounty Bank and Trust Company of Norwood, MA failed on September 27, 1991. It opened on November 7, 1986, 4 years before. At its last report before that it held $62.1 million in assets and $58.2 million in deposits. The FDIC estimates that the Bank Insurance Fund lost $12.4 million on it.
1986-121991-06
Assets at the end$62.1 millionlast report before September 27, 1991
Deposits at the end$58.2 million
Estimated loss to the fund$12.4 millionBIF
Largest in the quarterly reports$62.5 millionMarch 31, 1991
Equity to assets3.8%June 30, 1991
Loans not being repaid10.6%noncurrent, June 30, 1991
Return on assets-0.38%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.