Connecticut Bank of Commerce
Stamford, CT
$384M
total assets, March 31, 2002
$384M
total assets, March 31, 2002
Connecticut Bank of Commerce was a state nonmember bank in Stamford, CT. It failed on Jun 26, 2002, and Hudson United Bank took over its deposits. At its last report it held $384.2 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2002
This bank failed
- Failed on
- Jun 26, 2002
- Assets
- $384M
- Deposits
- $344M
- Estimated cost
- $53.8M
- Deposits went to
- Hudson United Bank, Mahwah, NJ
Total assets
$384M
+2.0% in a year · -5.6% in a quarter
Deposits
$344M
+4.3% in a year · -5.7% in a quarter
Loans
$315M
+10.5% in a year · -2.8% in a quarter
Profit so far
$1.3M
Jan 1 to Mar 31, 2002
Capital ratio
7.59%
-0.50 pts in a year
Return on assets
1.31%
+2.85 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 612 Bedford Street, Stamford, CT, 06901
- County
- Fairfield
- Established
- Jul 23, 1964
- Failed
- Jun 28, 2002
- Employees
- 161
- Branches
- 5 in 2 states
- Id
- b19183
Quarter by quarter
March 31, 1984 to March 31, 2002
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 Connecticut Bank of Commerce?
$384.2 million in total assets and $344.4 million in deposits as of March 31, 2002, with assets up 2.0% from a year before. Its loans were $314.8 million.
How many branches does Connecticut Bank of Commerce have?
5 branches in 2 states as of June 30, 2026.
Is Connecticut Bank of Commerce profitable?
Yes: it earned $1.30 million from January 1 to March 31, 2002. Its return on assets was 1.31% a year; about 1% is typical.
When did Connecticut Bank of Commerce fail?
Jun 26, 2002. Hudson United Bank of Mahwah, NJ took over its deposits. The estimated cost of the failure was $53.8 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.