$34.3M
total assets, March 31, 1992
Vernon Bank was a state nonmember bank in Vernon, CT. It failed on Jun 26, 1992, and Bank Of South Windsor took over its deposits. At its last report it held $34.3 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1992
This bank failed
- Failed on
- Jun 26, 1992
- Assets
- $34.3M
- Deposits
- $34.5M
- Estimated cost
- $3.1M
- Deposits went to
- Bank Of South Windsor, South Windsor, CT
Total assets
$34.3M
+3.2% in a year · -0.3% in a quarter
Deposits
$34.5M
+10.1% in a year · 0.0% in a quarter
Loans
$26.1M
-1.7% in a year · +0.2% in a quarter
Profit so far
-$57K
Jan 1 to Mar 31, 1992
Capital ratio
-1.06%
-6.22 pts in a year
Return on assets
-0.66%
+0.15 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 475 Talcottville Road, Vernon, CT, 06066
- County
- Tolland
- Established
- Dec 15, 1988
- Failed
- Jun 26, 1992
- Employees
- 15
- Id
- b27402
Quarter by quarter
December 31, 1988 to March 31, 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 Vernon Bank?
$34.3 million in total assets and $34.5 million in deposits as of March 31, 1992, with assets up 3.2% from a year before. Its loans were $26.1 million.
Is Vernon Bank profitable?
No: it lost $57,000 from January 1 to March 31, 1992. Its return on assets was -0.66% a year; about 1% is typical.
When did Vernon Bank fail?
Jun 26, 1992. Bank Of South Windsor of South Windsor, CT took over its deposits. The estimated cost of the failure was $3.13 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.