Data / Bank failures / 1989 / National Industrial Bank of Connecticut
National Industrial Bank of Connecticut, Meriden, CT: failed November 9, 1989
National Industrial Bank of Connecticut in Meriden, Connecticut, failed on November 9, 1989. Central Bank of Meriden, CT, took over its deposits. It held $46.5 million in assets and $48.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.3 million (11.5% of its assets). By assets it was the 333rd largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- November 9, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Central Bank, Meriden, CT
- Total assets
- $46,515,000
- Total deposits
- $48,254,000
- Estimated cost to the FDIC
- $5,330,622 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 19114
Other bank failures in Connecticut, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of East Hartford | East Hartford | December 13, 1991 | $36.6 million | $38.4 million | $12.9 million | Bank of South Windsor |
| The Bank Mart | Bridgeport | December 13, 1991 | $578.2 million | $486.8 million | $93.9 million | Gateway Bank |
| Saybrook Bank and Trust Company | Old Saybrook | December 6, 1991 | $77.3 million | $78.4 million | $18.7 million | The New Haven Savings Bank |
| Connecticut Savings Bank | New Haven | November 14, 1991 | $1.04 billion | $897.7 million | $203.5 million | Centerbank |
| Connecticut Valley Bank | Cromwell | October 18, 1991 | $28.4 million | $27.9 million | $8.6 million | Midconn Bank |
| Central Bank | Meriden | October 18, 1991 | $654.7 million | $627.9 million | $242.1 million | Centerbank |
| Harbor National Bank of Connecticut | Branford | October 3, 1991 | $22.9 million | $22.8 million | $1.7 million | The New Haven Savings Bank |
| Suffield Bank | Suffield | September 6, 1991 | $294.8 million | $257 million | $83.6 million | First Federal Bank, FSB |
Other failed banks Central Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Riverbank | Wyoming | MN | October 7, 2011 | $419.7 million | $384.1 million | $71.2 million | Central Bank |
| Rosemount National Bank | Rosemount | MN | April 15, 2011 | $21.5 million | $21 million | $5.4 million | Central Bank |
| Commerce Bank of Southwest Florida | Fort Myers | FL | November 20, 2009 | $71 million | $72.8 million | $32.2 million | Central Bank |
| Riverview Community Bank | Ostego | MN | October 23, 2009 | $99.1 million | $75 million | $23.5 million | Central Bank |
| Jennings State Bank | Spring Grove | MN | October 2, 2009 | $52.3 million | $50.8 million | $18.9 million | Central Bank |
| Mainstreet Bank | Forest Lake | MN | August 28, 2009 | $458.5 million | $432.8 million | $89.9 million | Central Bank |
| Delta Pacific Bank | Pittsburg | CA | October 30, 1987 | $17.7 million | $17 million | $1.3 million | Central Bank |
| American City Bank | Los Angles | CA | February 25, 1983 | $319.4 million | $293.9 million | $25.3 million | Central Bank |
All bank failures in 1989 · All bank failures in Connecticut · Every failed bank Central Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.