$1.6B
total assets, June 30, 1992
First Constitution Bank was a state savings bank in New Haven, CT. It failed on Oct 2, 1992, and First Federal Bank A FSB took over its deposits. At its last report it held $1.6 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1992
This bank failed
- Failed on
- Oct 2, 1992
- Assets
- $1.6B
- Deposits
- $1.4B
- Estimated cost
- $126M
- Deposits went to
- First Federal Bank A FSB, Waterbury, CT
Total assets
$1.6B
-23.0% in a year · -16.6% in a quarter
Deposits
$1.4B
-15.4% in a year · -8.3% in a quarter
Loans
$1.2B
-25.3% in a year · -5.9% in a quarter
Profit so far
-$42.8M
Jan 1 to Jun 30, 1992
Capital ratio
0.95%
-3.66 pts in a year
Return on assets
-4.64%
-2.96 pts in a year
Facts
- Type
- State savings bank
- Head office
- 80 Elm Street, New Haven, CT, 06510
- County
- New Haven
- Established
- Jan 1, 1934
- Failed
- Oct 2, 1992
- Employees
- 347
- Id
- b27160
Quarter by quarter
March 31, 1988 to June 30, 1992
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 First Constitution Bank?
$1.6 billion in total assets and $1.4 billion in deposits as of June 30, 1992, with assets down 23.0% from a year before. Its loans were $1.2 billion.
Is First Constitution Bank profitable?
No: it lost $42.8 million from January 1 to June 30, 1992. Its return on assets was -4.64% a year; about 1% is typical.
When did First Constitution Bank fail?
Oct 2, 1992. First Federal Bank A FSB of Waterbury, CT took over its deposits. The estimated cost of the failure was $125.6 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.