The Sailors and Merchants Bank and Trust Company
Vienna, VA · Owner: First Potomac Bcorp Inc
$34.8M
total assets, September 30, 1992
$34.8M
total assets, September 30, 1992
The Sailors and Merchants Bank and Trust Company was a state member bank in Vienna, VA, owned by First Potomac Bcorp Inc. It failed on Dec 11, 1992, and First Union Bank Of Virg took over its deposits. At its last report it held $34.8 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1992
This bank failed
- Failed on
- Dec 11, 1992
- Assets
- $34.8M
- Deposits
- $34.5M
- Estimated cost
- $5.0M
- Deposits went to
- First Union Bank Of Virg, Vienna, VA
Total assets
$34.8M
-31.8% in a year · -15.1% in a quarter
Deposits
$34.5M
-27.2% in a year · -12.8% in a quarter
Loans
$29.0M
-25.8% in a year · -16.6% in a quarter
Profit so far
-$1.7M
Jan 1 to Sep 30, 1992
Capital ratio
0.53%
-6.33 pts in a year
Return on assets
-5.42%
-2.38 pts in a year
Facts
- Type
- State member bank
- Head office
- 133 Maple Avenue, East, Vienna, VA, 22180
- County
- Fairfax
- Holding company
- First Potomac Bcorp Inc
- Established
- Aug 13, 1984
- Failed
- Dec 11, 1992
- Employees
- 27
- Id
- b25306
Quarter by quarter
September 30, 1984 to September 30, 1992
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 Sailors and Merchants Bank and Trust Company?
$34.8 million in total assets and $34.5 million in deposits as of September 30, 1992, with assets down 31.8% from a year before. Its loans were $29.0 million.
Is The Sailors and Merchants Bank and Trust Company profitable?
No: it lost $1.71 million from January 1 to September 30, 1992. Its return on assets was -5.42% a year; about 1% is typical.
Who owns The Sailors and Merchants Bank and Trust Company?
The Sailors and Merchants Bank and Trust Company is owned by First Potomac Bcorp Inc, its holding company.
When did The Sailors and Merchants Bank and Trust Company fail?
Dec 11, 1992. First Union Bank Of Virg of Vienna, VA took over its deposits. The estimated cost of the failure was $4.96 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.