National Industrial Bank of Connecticut
Meriden, CT · Owner: National Industrial Bcorp Inc
$46.5M
total assets, September 30, 1989
$46.5M
total assets, September 30, 1989
National Industrial Bank of Connecticut was a national bank in Meriden, CT, owned by National Industrial Bcorp Inc. It failed on Nov 9, 1989, and Central Bank took over its deposits. At its last report it held $46.5 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Nov 9, 1989
- Assets
- $46.5M
- Deposits
- $48.3M
- Estimated cost
- $5.3M
- Deposits went to
- Central Bank, Meriden, CT
Total assets
$46.5M
-29.4% in a year · -9.5% in a quarter
Deposits
$48.3M
-25.0% in a year · -5.0% in a quarter
Loans
$32.5M
-42.6% in a year · -7.1% in a quarter
Profit so far
-$2.5M
Jan 1 to Sep 30, 1989
Capital ratio
-4.26%
-5.99 pts in a year
Return on assets
-6.03%
-2.62 pts in a year
Facts
- Type
- National bank
- Head office
- 25 Colony Street, Meriden, CT, 06450
- County
- New Haven
- Holding company
- National Industrial Bcorp Inc
- Established
- Nov 3, 1930
- Failed
- Nov 9, 1989
- Employees
- 38
- Id
- b19114
Quarter by quarter
March 31, 1984 to September 30, 1989
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 National Industrial Bank of Connecticut?
$46.5 million in total assets and $48.3 million in deposits as of September 30, 1989, with assets down 29.4% from a year before. Its loans were $32.5 million.
Is National Industrial Bank of Connecticut profitable?
No: it lost $2.51 million from January 1 to September 30, 1989. Its return on assets was -6.03% a year; about 1% is typical.
Who owns National Industrial Bank of Connecticut?
National Industrial Bank of Connecticut is owned by National Industrial Bcorp Inc, its holding company.
When did National Industrial Bank of Connecticut fail?
Nov 9, 1989. Central Bank of Meriden, CT took over its deposits. The estimated cost of the failure was $5.33 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.