The Merchants Bank and Trust Company
Norwalk, CT · Owner: Merchants Bcorp Inc the
$270M
total assets, December 31, 1990
$270M
total assets, December 31, 1990
The Merchants Bank and Trust Company was a state nonmember bank in Norwalk, CT, owned by Merchants Bcorp Inc the. It failed on Feb 1, 1991, and Union Trust Company took over its deposits. At its last report it held $269.9 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Feb 1, 1991
- Assets
- $270M
- Deposits
- $269M
- Estimated cost
- $87.5M
- Deposits went to
- Union Trust Company, Stamford, CT
Total assets
$270M
-15.6% in a year · -6.3% in a quarter
Deposits
$269M
-10.4% in a year · -3.5% in a quarter
Loans
$206M
-22.6% in a year · -16.0% in a quarter
Profit so far
-$17.6M
Jan 1 to Dec 31, 1990
Capital ratio
-2.98%
-5.97 pts in a year
Return on assets
-5.86%
-3.13 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 59 Wall Street, Norwalk, CT, 06850
- County
- Fairfield
- Holding company
- Merchants Bcorp Inc the
- Established
- Jan 1, 1824
- Failed
- Feb 1, 1991
- Employees
- 126
- Id
- b11272
Quarter by quarter
March 31, 1984 to December 31, 1990
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 The Merchants Bank and Trust Company?
$269.9 million in total assets and $269.0 million in deposits as of December 31, 1990, with assets down 15.6% from a year before. Its loans were $205.6 million.
Is The Merchants Bank and Trust Company profitable?
No: it lost $17.6 million from January 1 to December 31, 1990. Its return on assets was -5.86% a year; about 1% is typical.
Who owns The Merchants Bank and Trust Company?
The Merchants Bank and Trust Company is owned by Merchants Bcorp Inc the, its holding company.
When did The Merchants Bank and Trust Company fail?
Feb 1, 1991. Union Trust Company of Stamford, CT took over its deposits. The estimated cost of the failure was $87.5 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.