Central Bank
Meriden, CT · Owner: Cenvest Inc
$655M
total assets, June 30, 1991
$655M
total assets, June 30, 1991
Central Bank was a state savings bank in Meriden, CT, owned by Cenvest Inc. It failed on Oct 18, 1991, and Centerbank took over its deposits. At its last report it held $654.7 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Oct 18, 1991
- Assets
- $655M
- Deposits
- $628M
- Estimated cost
- $242M
- Deposits went to
- Centerbank, Waterbury, CT
Total assets
$655M
-20.5% in a year · -11.2% in a quarter
Deposits
$628M
+0.0% in a year · 0.0% in a quarter
Loans
$542M
-21.8% in a year · -14.4% in a quarter
Profit so far
-$62.8M
Jan 1 to Jun 30, 1991
Capital ratio
-8.06%
-13.37 pts in a year
Return on assets
-17.39%
-15.68 pts in a year
Facts
- Type
- State savings bank
- Head office
- 43 East Main Street, Meriden, CT, 06450
- County
- New Haven
- Holding company
- Cenvest Inc
- Established
- Jul 12, 1851
- Failed
- Oct 18, 1991
- Employees
- 227
- Id
- b17822
Quarter by quarter
March 31, 1984 to June 30, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Central Bank?
$654.7 million in total assets and $627.9 million in deposits as of June 30, 1991, with assets down 20.5% from a year before. Its loans were $541.6 million.
Is Central Bank profitable?
No: it lost $62.8 million from January 1 to June 30, 1991. Its return on assets was -17.39% a year; about 1% is typical.
Who owns Central Bank?
Central Bank is owned by Cenvest Inc, its holding company.
When did Central Bank fail?
Oct 18, 1991. Centerbank of Waterbury, CT took over its deposits. The estimated cost of the failure was $242.1 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.