Mechanics and Farmers Savings Bank FSB
Bridgeport, CT
$1.1B
total assets, June 30, 1991
$1.1B
total assets, June 30, 1991
Mechanics and Farmers Savings Bank FSB was a savings bank in Bridgeport, CT. It failed on Aug 9, 1991, and Chase Manhattan Bank Of Con took over its deposits. At its last report it held $1.1 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Aug 9, 1991
- Assets
- $1.1B
- Deposits
- $904M
- Estimated cost
- $325M
- Deposits went to
- Chase Manhattan Bank Of Con, Bridgeport, CT
Total assets
$1.1B
-16.3% in a year · -4.1% in a quarter
Deposits
$904M
-6.5% in a year · -3.9% in a quarter
Loans
$829M
-16.5% in a year · -1.4% in a quarter
Profit so far
-$15.1M
Jan 1 to Jun 30, 1991
Capital ratio
-9.60%
-12.37 pts in a year
Return on assets
-2.69%
-1.98 pts in a year
Facts
- Type
- Savings bank
- Head office
- 930 Main Street, Bridgeport, CT, 06601
- County
- Fairfield
- Established
- May 1, 1871
- Failed
- Aug 9, 1991
- Employees
- 322
- Id
- b18256
Quarter by quarter
March 31, 1984 to June 30, 1991
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 Mechanics and Farmers Savings Bank FSB?
$1.1 billion in total assets and $903.7 million in deposits as of June 30, 1991, with assets down 16.3% from a year before. Its loans were $828.5 million.
Is Mechanics and Farmers Savings Bank FSB profitable?
No: it lost $15.1 million from January 1 to June 30, 1991. Its return on assets was -2.69% a year; about 1% is typical.
When did Mechanics and Farmers Savings Bank FSB fail?
Aug 9, 1991. Chase Manhattan Bank Of Con of Bridgeport, CT took over its deposits. The estimated cost of the failure was $324.6 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.