$77.4M
total assets, March 31, 1995
Founders Bank was a state nonmember bank in New Haven, CT. It failed on Jul 28, 1995, and Centerbank took over its deposits. At its last report it held $77.4 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1995
This bank failed
- Failed on
- Jul 28, 1995
- Assets
- $77.4M
- Deposits
- $77.4M
- Estimated cost
- $10.4M
- Deposits went to
- Centerbank, Waterbury, CT
Total assets
$77.4M
-11.6% in a year · -2.1% in a quarter
Deposits
$77.4M
-6.6% in a year · +1.6% in a quarter
Loans
$60.1M
-5.4% in a year · -0.9% in a quarter
Profit so far
-$2.7M
Jan 1 to Mar 31, 1995
Capital ratio
-0.52%
-5.58 pts in a year
Return on assets
-14.05%
-10.57 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 27 Elm Street, New Haven, CT, 06508
- County
- New Haven
- Established
- Mar 28, 1985
- Failed
- Jul 28, 1995
- Employees
- 32
- Branches
- 2
- Id
- b26187
Quarter by quarter
March 31, 1985 to March 31, 1995
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 Founders Bank?
$77.4 million in total assets and $77.4 million in deposits as of March 31, 1995, with assets down 11.6% from a year before. Its loans were $60.1 million.
How many branches does Founders Bank have?
2 branches in Connecticut as of June 30, 2026.
Is Founders Bank profitable?
No: it lost $2.75 million from January 1 to March 31, 1995. Its return on assets was -14.05% a year; about 1% is typical.
When did Founders Bank fail?
Jul 28, 1995. Centerbank of Waterbury, CT took over its deposits. The estimated cost of the failure was $10.4 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.