The Graveyard › Banks › 1989
National Industrial Bank of Connecticut
Meriden, CT · failed November 9, 1989 · FDIC certificate 19114
National Industrial Bank of Connecticut of Meriden, CT failed on November 9, 1989. It opened on November 3, 1930, 59 years before. At its last report before that it held $46.5 million in assets and $48.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $76.7 million. The FDIC estimates that the Bank Insurance Fund lost $5.3 million on it.
1984-031989-09
Assets at the end$46.5 millionlast report before November 9, 1989
Deposits at the end$48.3 million
Estimated loss to the fund$5.3 millionBIF
Largest in the quarterly reports$76.7 millionMarch 31, 1988
Equity to assets-4.5%September 30, 1989
Loans not being repaid8.3%noncurrent, September 30, 1989
Return on assets-6.03%a year's rate, September 30, 1989
Staff38full time, September 30, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.