The Graveyard › Banks › 1992
The Norwalk Bank
Norwalk, CT · failed April 24, 1992 · FDIC certificate 26971
The Norwalk Bank of Norwalk, CT failed on April 24, 1992. It opened on June 4, 1987, 4 years before. At its last report before that it held $80.6 million in assets and $77.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1990, it held $87.6 million. The FDIC estimates that the Bank Insurance Fund lost $17.4 million on it.
1987-061991-12
Assets at the end$80.6 millionlast report before April 24, 1992
Deposits at the end$77.2 million
Estimated loss to the fund$17.4 millionBIF
Largest in the quarterly reports$87.6 millionMarch 31, 1990
Equity to assets0.6%December 31, 1991
Loans not being repaid6.0%noncurrent, December 31, 1991
Return on assets-3.42%a year's rate, December 31, 1991
Staff28full 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.