Greenwood Bank of Bethel, Inc.
Bethel, CT
$33.3M
total assets, September 30, 1992
$33.3M
total assets, September 30, 1992
Greenwood Bank of Bethel, Inc. was a state nonmember bank in Bethel, CT. It failed on Nov 6, 1992, and Union SB Of Danbury took over its deposits. At its last report it held $33.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Nov 6, 1992
- Assets
- $33.3M
- Deposits
- $33.2M
- Estimated cost
- $9.8M
- Deposits went to
- Union SB Of Danbury, Danbury, CT
Total assets
$33.3M
-14.8% in a year · -5.1% in a quarter
Deposits
$33.2M
-8.5% in a year · -0.2% in a quarter
Loans
$29.3M
-5.2% in a year · -3.3% in a quarter
Profit so far
-$2.9M
Jan 1 to Sep 30, 1992
Capital ratio
-3.95%
-8.69 pts in a year
Return on assets
-11.19%
-8.98 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 24 Grassy Plain Street, Bethel, CT, 06801
- County
- Fairfield
- Established
- Feb 18, 1989
- Failed
- Nov 6, 1992
- Employees
- 20
- Id
- b27456
Quarter by quarter
March 31, 1989 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 Greenwood Bank of Bethel, Inc.?
$33.3 million in total assets and $33.2 million in deposits as of September 30, 1992, with assets down 14.8% from a year before. Its loans were $29.3 million.
Is Greenwood Bank of Bethel, Inc. profitable?
No: it lost $2.92 million from January 1 to September 30, 1992. Its return on assets was -11.19% a year; about 1% is typical.
When did Greenwood Bank of Bethel, Inc. fail?
Nov 6, 1992. Union SB Of Danbury of Danbury, CT took over its deposits. The estimated cost of the failure was $9.78 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.