Merchant National Bank
Fort Myers, FL · Owner: Merchant Bankshares Group Inc
$35.1M
total assets, December 31, 1991
$35.1M
total assets, December 31, 1991
Merchant National Bank was a national bank in Fort Myers, FL, owned by Merchant Bankshares Group Inc. It failed on Feb 7, 1992, and Founders National Trust took over its deposits. At its last report it held $35.1 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Feb 7, 1992
- Assets
- $35.1M
- Deposits
- $35.3M
- Estimated cost
- $5.2M
- Deposits went to
- Founders National Trust, Fort Myers, FL
Total assets
$35.1M
-38.4% in a year · -4.1% in a quarter
Deposits
$35.3M
-32.9% in a year · -2.1% in a quarter
Loans
$24.6M
-42.4% in a year · -15.1% in a quarter
Profit so far
-$1.8M
Jan 1 to Dec 31, 1991
Capital ratio
-1.24%
-3.50 pts in a year
Return on assets
-4.02%
+1.81 pts in a year
Facts
- Type
- National bank
- Head office
- 13499 U.S. Highway 41, Fort Myers, FL, 33906
- County
- Lee
- Holding company
- Merchant Bankshares Group Inc
- Established
- Mar 25, 1988
- Failed
- Feb 7, 1992
- Employees
- 19
- Id
- b27213
Quarter by quarter
March 31, 1988 to December 31, 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 Merchant National Bank?
$35.1 million in total assets and $35.3 million in deposits as of December 31, 1991, with assets down 38.4% from a year before. Its loans were $24.6 million.
Is Merchant National Bank profitable?
No: it lost $1.81 million from January 1 to December 31, 1991. Its return on assets was -4.02% a year; about 1% is typical.
Who owns Merchant National Bank?
Merchant National Bank is owned by Merchant Bankshares Group Inc, its holding company.
When did Merchant National Bank fail?
Feb 7, 1992. Founders National Trust of Fort Myers, FL took over its deposits. The estimated cost of the failure was $5.21 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.