Connecticut Savings Bank
New Haven, CT
$1.0B
total assets, September 30, 1991
$1.0B
total assets, September 30, 1991
Connecticut Savings Bank was a state savings bank in New Haven, CT. It failed on Nov 14, 1991, and Centerbank took over its deposits. At its last report it held $1.0 billion in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1991
This bank failed
- Failed on
- Nov 14, 1991
- Assets
- $1.0B
- Deposits
- $898M
- Estimated cost
- $203M
- Deposits went to
- Centerbank, Waterbury, CT
Total assets
$1.0B
-9.9% in a year · -2.0% in a quarter
Deposits
$898M
-7.8% in a year · -6.5% in a quarter
Loans
$728M
-28.3% in a year · -3.8% in a quarter
Profit so far
-$10.3M
Jan 1 to Sep 30, 1991
Capital ratio
0.44%
-0.80 pts in a year
Return on assets
-1.25%
+6.43 pts in a year
Facts
- Type
- State savings bank
- Head office
- 47 Church Street, New Haven, CT, 06501
- County
- New Haven
- Established
- Jan 1, 1857
- Failed
- Nov 14, 1991
- Employees
- 359
- Id
- b18239
Quarter by quarter
March 31, 1984 to September 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 Connecticut Savings Bank?
$1.0 billion in total assets and $897.7 million in deposits as of September 30, 1991, with assets down 9.9% from a year before. Its loans were $728.1 million.
Is Connecticut Savings Bank profitable?
No: it lost $10.3 million from January 1 to September 30, 1991. Its return on assets was -1.25% a year; about 1% is typical.
When did Connecticut Savings Bank fail?
Nov 14, 1991. Centerbank of Waterbury, CT took over its deposits. The estimated cost of the failure was $203.5 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.