This institution is no longer active

Operations ceased on September 1, 2007. CRA examination history below reflects the period it was active.

CITIZENS BANK OF CONNECTICUT

NEW LONDON, CT · Supervised by FDIC

Est. 1858FDIC #18,197RSSD: FDIC-18197

Part ofROYAL BK SCOTLAND GROUP PLC→ View all charters

Outstanding Same

Current rating · Exam: February 2004

CompareWatch

At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Strong

ROA 1.27%

Institution Profile

FDIC BankFind

Address

63 Eugene Oneill Drive, NEW LONDON, CT

County

New London County

Established

January 1, 1858

Total Assets

$4.5B(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

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

February 1, 2004

Exam Type

Large Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 22 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 Q2 2007Call Report / FDIC

Total Assets

$4.5B

Total Deposits

$3.2B

Net Loans

$3.1B

Net Income

$29M

ROA

1.27%

Above avg for Community banks. Peer avg: 0.90%

ROE

15.28%

Risk-Based Capital

10.55%

Below avg for Community banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

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

ROA1.27%Peer avg: 0.90%▲ Above avg

Risk-Based Capital10.55%Peer avg: 12.91%▼ Below avg

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

Rating History

CRA / FFIEC

Rating Trend

→ Stable

Based on last 3 exams

Exam Date	Rating	Exam Type
Feb 2004	Outstanding	Large Bank
Mar 2000	Outstanding	Large Bank
Mar 1998	Outstanding	Large Bank

3 previous ratings locked — back to 1991

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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