The Graveyard › Banks › 1994
The Meriden Trust and Safe Deposit
Meriden, CT · failed July 7, 1994 · FDIC certificate 20442
The Meriden Trust and Safe Deposit of Meriden, CT failed on July 7, 1994. It opened on April 3, 1889, 105 years before. At its last report before that it held $3.2 million in assets. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $34.8 million. The FDIC's list records no loss to the Bank Insurance Fund.
1984-031994-06
Assets at the end$3.2 millionlast report before July 7, 1994
Estimated loss to the fundnone recordedBIF
Largest in the quarterly reports$34.8 millionJune 30, 1988
Equity to assets-3.6%June 30, 1994
Return on assets-179.95%a year's rate, June 30, 1994
Staff12full time, June 30, 1994
Also ended in 1994
- The Bank of Hartford · Hartford, CT · $321.5 million in assets
- Ludlow Savings Bank · Ludlow, MA · $222.7 million in assets
- Bank of Newport · Newport Beach, CA · $167.8 million in assets
- Mechanics National Bank · Paramount, CA · $148.7 million in assets
- CommerceBank · Newport Beach, CA · $142.3 million in assets
- Pioneer Bank · Fullerton, CA · $133.3 million 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.