The Graveyard › Banks › 1991
The Bank Mart
Bridgeport, CT · failed December 13, 1991 · FDIC certificate 17048
The Bank Mart of Bridgeport, CT failed on December 13, 1991. It opened in 1859, 132 years before. At its last report before that it held $578.2 million in assets and $486.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $754.0 million. The FDIC estimates that the Bank Insurance Fund lost $93.9 million on it.
1984-031991-09
Assets at the end$578.2 millionlast report before December 13, 1991
Deposits at the end$486.8 million
Estimated loss to the fund$93.9 millionBIF
Largest in the quarterly reports$754.0 millionDecember 31, 1989
Equity to assets0.6%September 30, 1991
Loans not being repaid14.1%noncurrent, September 30, 1991
Return on assets-2.68%a year's rate, September 30, 1991
Staff182full time, September 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.