Fairfield First Bank & Trust Company
Southport, CT
$57.3M
total assets, March 31, 1996
$57.3M
total assets, March 31, 1996
Fairfield First Bank & Trust Company was a state nonmember bank in Southport, CT. It failed on Jul 12, 1996, and Norwalk Savings Society took over its deposits. At its last report it held $57.3 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1996
This bank failed
- Failed on
- Jul 12, 1996
- Assets
- $57.3M
- Deposits
- $57.3M
- Estimated cost
- $5.7M
- Deposits went to
- Norwalk Savings Society, Norwalk, CT
Total assets
$57.3M
-5.7% in a year · -10.2% in a quarter
Deposits
$57.3M
-4.4% in a year · -9.3% in a quarter
Loans
$43.2M
-16.3% in a year · -3.9% in a quarter
Profit so far
-$618K
Jan 1 to Mar 31, 1996
Capital ratio
-0.61%
-1.40 pts in a year
Return on assets
-4.08%
-4.05 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 2000 Post Road, Southport, CT, 06890
- County
- Fairfield
- Established
- Oct 31, 1985
- Failed
- Jul 12, 1996
- Employees
- 37
- Branches
- 2
- Id
- b26431
Quarter by quarter
December 31, 1985 to March 31, 1996
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 Fairfield First Bank & Trust Company?
$57.3 million in total assets and $57.3 million in deposits as of March 31, 1996, with assets down 5.7% from a year before. Its loans were $43.2 million.
How many branches does Fairfield First Bank & Trust Company have?
2 branches in Connecticut as of June 30, 2026.
Is Fairfield First Bank & Trust Company profitable?
No: it lost $618,000 from January 1 to March 31, 1996. Its return on assets was -4.08% a year; about 1% is typical.
When did Fairfield First Bank & Trust Company fail?
Jul 12, 1996. Norwalk Savings Society of Norwalk, CT took over its deposits. The estimated cost of the failure was $5.66 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.