The Graveyard › Banks › 1992
Advanced FSB
Northridge, CA · failed January 24, 1992 · FDIC certificate 32210
Advanced FSB of Northridge, CA failed on January 24, 1992. It opened on April 30, 1984, 7 years before. At its last report before that it held $23.1 million in assets and $23.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $76.6 million. The FDIC estimates that the Resolution Trust Corporation lost $19.3 million on it.
1984-061991-12
Assets at the end$23.1 millionlast report before January 24, 1992
Deposits at the end$23.6 million
Estimated loss to the fund$19.3 millionRTC
Largest in the quarterly reports$76.6 millionJune 30, 1986
Equity to assets-4.4%December 31, 1991
Loans not being repaid0.3%noncurrent, December 31, 1991
Return on assets-7.93%a year's rate, December 31, 1991
Staff8full time, December 31, 1991
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.