The Graveyard › Banks › 1992
Summit National Bank
Torrington, CT · failed April 3, 1992 · FDIC certificate 26447
Summit National Bank of Torrington, CT failed on April 3, 1992. It opened on November 18, 1985, 6 years before. At its last report before that it held $91.4 million in assets and $89.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $114.4 million. The FDIC estimates that the Bank Insurance Fund lost $22.8 million on it.
1985-121991-12
Assets at the end$91.4 millionlast report before April 3, 1992
Deposits at the end$89.8 million
Estimated loss to the fund$22.8 millionBIF
Largest in the quarterly reports$114.4 millionSeptember 30, 1990
Equity to assets-1.4%December 31, 1991
Loans not being repaid13.8%noncurrent, December 31, 1991
Return on assets-6.75%a year's rate, December 31, 1991
Staff54full time, December 31, 1991
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.