The Graveyard › Banks › 1992
Alpha Indian Rock Fs & La
Philadelphia, PA · failed February 28, 1992 · FDIC certificate 31238
Alpha Indian Rock Fs & La of Philadelphia, PA failed on February 28, 1992. It opened in 1916, 76 years before. At its last report before that it held $7.2 million in assets and $7.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $12.3 million. The FDIC estimates that the Resolution Trust Corporation lost $2.8 million on it.
1988-061991-12
Assets at the end$7.2 millionlast report before February 28, 1992
Deposits at the end$7.7 million
Estimated loss to the fund$2.8 millionRTC
Largest in the quarterly reports$12.3 millionSeptember 30, 1990
Equity to assets-8.3%December 31, 1991
Loans not being repaid10.8%noncurrent, December 31, 1991
Return on assets-10.51%a year's rate, December 31, 1991
Staff4full 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.