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This institution is no longer active

Operations ceased on January 18, 2002. CRA examination history below reflects the period it was active.

AMERICAN BANK OF CONNECTICUT

WATERBURY, CT · Supervised by FDIC

Est. 1920FDIC #26,498RSSD: FDIC-26498
Satisfactory Same

Current rating · Exam: December 2001

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 0.87%

Institution Profile

FDIC BankFind

Address

Two West Main Street, WATERBURY, CT

County

New Haven County

Established

January 1, 1920

Total Assets

$925M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

December 1, 2001

Exam Type

Large Bank

Regulator

FDIC
⚠️This exam is 24 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 2001Call Report / FDIC

Total Assets

$925M

Total Deposits

$732M

Net Loans

$416M

Net Income

$8M

ROA

0.87%

ROE

10.26%

Risk-Based Capital

14.88%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Rating History

CRA / FFIEC

Rating Trend

Stable

Based on last 3 exams

4 previous ratings locked — dating back to 1994

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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