First National Bank of Vermont
Bradford, VT · Owner: Independent Bankgroup Inc
$296M
total assets, September 30, 1992
$296M
total assets, September 30, 1992
First National Bank of Vermont was a national bank in Bradford, VT, owned by Independent Bankgroup Inc. It failed on Jan 29, 1993, and New First NB Of Vermont took over its deposits. At its last report it held $295.8 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Jan 29, 1993
- Assets
- $296M
- Deposits
- $282M
- Estimated cost
- $25.5M
- Deposits went to
- New First NB Of Vermont, Bradford, VT
Total assets
$296M
+109.9% in a year · +123.6% in a quarter
Deposits
$282M
+112.5% in a year · +123.5% in a quarter
Loans
$262M
+126.6% in a year · +152.8% in a quarter
Profit so far
-$2.6M
Jan 1 to Sep 30, 1992
Capital ratio
2.60%
-1.89 pts in a year
Return on assets
-1.05%
+1.23 pts in a year
Facts
- Type
- National bank
- Head office
- Main Street, Bradford, VT, 05033
- County
- Orange
- Holding company
- Independent Bankgroup Inc
- Established
- Nov 11, 1863
- Failed
- Jan 29, 1993
- Employees
- 145
- Id
- b6290
Quarter by quarter
March 31, 1984 to September 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 National Bank of Vermont?
$295.8 million in total assets and $282.4 million in deposits as of September 30, 1992, with assets up 109.9% from a year before. Its loans were $261.8 million.
Is First National Bank of Vermont profitable?
No: it lost $2.58 million from January 1 to September 30, 1992. Its return on assets was -1.05% a year; about 1% is typical.
Who owns First National Bank of Vermont?
First National Bank of Vermont is owned by Independent Bankgroup Inc, its holding company.
When did First National Bank of Vermont fail?
Jan 29, 1993. New First NB Of Vermont of Bradford, VT took over its deposits. The estimated cost of the failure was $25.5 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.