$40.6M
total assets, December 31, 1990
Whitney Bank and Trust was a state nonmember bank in Hamden, CT. It failed on Apr 12, 1991, and First Constitution Bank took over its deposits. At its last report it held $40.6 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Apr 12, 1991
- Assets
- $40.6M
- Deposits
- $49.2M
- Estimated cost
- $29.6M
- Deposits went to
- First Constitution Bank, New Haven, CT
Total assets
$40.6M
-22.1% in a year · -24.2% in a quarter
Deposits
$49.2M
+7.5% in a year · -0.8% in a quarter
Loans
$36.2M
-11.6% in a year · -19.8% in a quarter
Profit so far
-$14.8M
Jan 1 to Dec 31, 1990
Capital ratio
-18.15%
-30.48 pts in a year
Return on assets
-29.25%
-27.88 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 9 Washington Avenue, Hamden, CT, 06518
- County
- New Haven
- Established
- Aug 12, 1988
- Failed
- Apr 12, 1991
- Employees
- 22
- Id
- b27315
Quarter by quarter
September 30, 1988 to December 31, 1990
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 10
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Whitney Bank and Trust?
$40.6 million in total assets and $49.2 million in deposits as of December 31, 1990, with assets down 22.1% from a year before. Its loans were $36.2 million.
Is Whitney Bank and Trust profitable?
No: it lost $14.8 million from January 1 to December 31, 1990. Its return on assets was -29.25% a year; about 1% is typical.
When did Whitney Bank and Trust fail?
Apr 12, 1991. First Constitution Bank of New Haven, CT took over its deposits. The estimated cost of the failure was $29.6 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.