The Graveyard › Banks › 1991
Suffield Bank
Suffield, CT · failed September 6, 1991 · FDIC certificate 18242
Suffield Bank of Suffield, CT failed on September 6, 1991. It opened on June 19, 1869, 122 years before. At its last report before that it held $294.8 million in assets and $257.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $465.2 million. The FDIC estimates that the Bank Insurance Fund lost $83.6 million on it.
1984-031991-06
Assets at the end$294.8 millionlast report before September 6, 1991
Deposits at the end$257.0 million
Estimated loss to the fund$83.6 millionBIF
Largest in the quarterly reports$465.2 millionSeptember 30, 1987
Equity to assets-1.3%June 30, 1991
Loans not being repaid10.8%noncurrent, June 30, 1991
Return on assets-5.25%a year's rate, June 30, 1991
Staff112full 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.