This institution is no longer active

Operations ceased on July 28, 1995. CRA examination history below reflects the period it was active.

FOUNDERS BANK

NEW HAVEN, CT · Supervised by FDIC

Est. 1985FDIC #26,187RSSD: FDIC-26187

Satisfactory

Current rating · Exam: September 1994

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -14.05%

Institution Profile

FDIC BankFind

Address

27 Elm Street, NEW HAVEN, CT

County

New Haven County

Established

March 28, 1985

Total Assets

$77M(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

September 1, 1994

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 31 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 Q1 1995Call Report / FDIC

Total Assets

$77M

Total Deposits

$77M

Net Loans

$58M

Net Income

$-2,746K

ROA

-14.05%

ROE

-1123.11%

Risk-Based Capital

-0.64%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

Mortgage Denial Rate8.89%Peer avg: 7.63%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2024	45	91.11%	8.89%
2023	34	91.18%	8.82%

2024 national avg denial rate: 23.75% · Small bank avg: 7.63% · above-average shown in red

This is the only examination on record for this bank.

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