The Norwalk Bank
Norwalk, CT · Owner: Connecticut Bcorp Inc
$80.6M
total assets, December 31, 1991
$80.6M
total assets, December 31, 1991
The Norwalk Bank was a state nonmember bank in Norwalk, CT, owned by Connecticut Bcorp Inc. It failed on Apr 24, 1992, and Bank Of Darien took over its deposits. At its last report it held $80.6 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Apr 24, 1992
- Assets
- $80.6M
- Deposits
- $77.2M
- Estimated cost
- $17.4M
- Deposits went to
- Bank Of Darien, Darien, CT
Total assets
$80.6M
-5.8% in a year · -3.3% in a quarter
Deposits
$77.2M
-5.6% in a year · -1.8% in a quarter
Loans
$65.6M
-8.9% in a year · -3.9% in a quarter
Profit so far
-$2.8M
Jan 1 to Dec 31, 1991
Capital ratio
0.44%
-3.34 pts in a year
Return on assets
-3.42%
+2.08 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 495 Wesport Avenue, Norwalk, CT, 06851
- County
- Fairfield
- Holding company
- Connecticut Bcorp Inc
- Established
- Jun 4, 1987
- Failed
- Apr 24, 1992
- Employees
- 28
- Id
- b26971
Quarter by quarter
June 30, 1987 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 The Norwalk Bank?
$80.6 million in total assets and $77.2 million in deposits as of December 31, 1991, with assets down 5.8% from a year before. Its loans were $65.6 million.
Is The Norwalk Bank profitable?
No: it lost $2.85 million from January 1 to December 31, 1991. Its return on assets was -3.42% a year; about 1% is typical.
Who owns The Norwalk Bank?
The Norwalk Bank is owned by Connecticut Bcorp Inc, its holding company.
When did The Norwalk Bank fail?
Apr 24, 1992. Bank Of Darien of Darien, CT took over its deposits. The estimated cost of the failure was $17.4 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.