$28.4M
total assets, June 30, 1991
Connecticut Valley Bank was a state nonmember bank in Cromwell, CT. It failed on Oct 18, 1991, and Midconn Bank took over its deposits. At its last report it held $28.4 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Oct 18, 1991
- Assets
- $28.4M
- Deposits
- $27.9M
- Estimated cost
- $8.6M
- Deposits went to
- Midconn Bank, Kensington, CT
Total assets
$28.4M
-17.6% in a year · -1.9% in a quarter
Deposits
$27.9M
-6.8% in a year · -1.0% in a quarter
Loans
$24.6M
-14.8% in a year · -3.2% in a quarter
Profit so far
-$296K
Jan 1 to Jun 30, 1991
Capital ratio
1.18%
-11.24 pts in a year
Return on assets
-2.03%
+1.30 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 29 Berlin Road, Cromwell, CT, 06416
- County
- Middlesex
- Established
- Nov 7, 1988
- Failed
- Oct 18, 1991
- Employees
- 12
- Id
- b27373
Quarter by quarter
December 31, 1988 to June 30, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 11
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Connecticut Valley Bank?
$28.4 million in total assets and $27.9 million in deposits as of June 30, 1991, with assets down 17.6% from a year before. Its loans were $24.6 million.
Is Connecticut Valley Bank profitable?
No: it lost $296,000 from January 1 to June 30, 1991. Its return on assets was -2.03% a year; about 1% is typical.
When did Connecticut Valley Bank fail?
Oct 18, 1991. Midconn Bank of Kensington, CT took over its deposits. The estimated cost of the failure was $8.60 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.