The Graveyard › Banks › 1991
Amoskeag Bank
Manchester, NH · failed October 10, 1991 · FDIC certificate 17178
Amoskeag Bank of Manchester, NH failed on October 10, 1991. It opened on June 23, 1852, 139 years before. At its last report before that it held $937.3 million in assets and $768.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $1.6 billion. The FDIC estimates that the Bank Insurance Fund lost $190.8 million on it.
1984-031991-06
Assets at the end$937.3 millionlast report before October 10, 1991
Deposits at the end$768.4 million
Estimated loss to the fund$190.8 millionBIF
Largest in the quarterly reports$1.6 billionDecember 31, 1988
Equity to assets-5.7%June 30, 1991
Loans not being repaid13.6%noncurrent, June 30, 1991
Return on assets-9.71%a year's rate, June 30, 1991
Staff393full time, June 30, 1991
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.