The Graveyard › Banks › 1991
Amerified Savings Bank
Lawrenceville, NJ · failed March 1, 1991 · FDIC certificate 32235
Amerified Savings Bank of Lawrenceville, NJ failed on March 1, 1991. It opened on August 27, 1984, 6 years before. At its last report before that it held $110.6 million in assets and $99.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $151.0 million. The FDIC estimates that the Resolution Trust Corporation lost $17.6 million on it.
1984-121990-12
Assets at the end$110.6 millionlast report before March 1, 1991
Deposits at the end$99.5 million
Estimated loss to the fund$17.6 millionRTC
Largest in the quarterly reports$151.0 millionDecember 31, 1989
Equity to assets-0.7%December 31, 1990
Loans not being repaid14.7%noncurrent, December 31, 1990
Return on assets-4.02%a year's rate, December 31, 1990
Staff76full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.