The Graveyard › Banks › 1991
BankEast
Manchester, NH · failed October 10, 1991 · FDIC certificate 15952
BankEast of Manchester, NH failed on October 10, 1991. It opened in 1887, 104 years before. At its last report before that it held $816.8 million in assets and $631.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $1.1 billion. The FDIC estimates that the Bank Insurance Fund lost $64.4 million on it.
1984-031991-06
Assets at the end$816.8 millionlast report before October 10, 1991
Deposits at the end$631.6 million
Estimated loss to the fund$64.4 millionBIF
Largest in the quarterly reports$1.1 billionJune 30, 1989
Equity to assets0.7%June 30, 1991
Loans not being repaid9.1%noncurrent, June 30, 1991
Return on assets-5.55%a year's rate, June 30, 1991
Staff446full 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.