$91.4M
total assets, December 31, 1991
Summit National Bank was a national bank in Torrington, CT. It failed on Apr 3, 1992, and American Bank Of Connect took over its deposits. At its last report it held $91.4 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Apr 3, 1992
- Assets
- $91.4M
- Deposits
- $89.8M
- Estimated cost
- $22.8M
- Deposits went to
- American Bank Of Connect, Waterbury, CT
Total assets
$91.4M
-19.4% in a year · -5.5% in a quarter
Deposits
$89.8M
-13.3% in a year · +3.6% in a quarter
Loans
$75.7M
-15.1% in a year · -7.9% in a quarter
Profit so far
-$6.9M
Jan 1 to Dec 31, 1991
Capital ratio
-1.41%
-6.37 pts in a year
Return on assets
-6.75%
-5.16 pts in a year
Facts
- Type
- National bank
- Head office
- South Main Street, Torrington, CT, 06790
- County
- Litchfield
- Established
- Nov 18, 1985
- Failed
- Apr 3, 1992
- Employees
- 54
- Id
- b26447
Quarter by quarter
December 31, 1985 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 Summit National Bank?
$91.4 million in total assets and $89.8 million in deposits as of December 31, 1991, with assets down 19.4% from a year before. Its loans were $75.7 million.
Is Summit National Bank profitable?
No: it lost $6.86 million from January 1 to December 31, 1991. Its return on assets was -6.75% a year; about 1% is typical.
When did Summit National Bank fail?
Apr 3, 1992. American Bank Of Connect of Waterbury, CT took over its deposits. The estimated cost of the failure was $22.8 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.