The Graveyard › Banks › 1991
Beacon Federal Savings
Baldwin, NY · failed March 8, 1991 · FDIC certificate 29036
Beacon Federal Savings of Baldwin, NY failed on March 8, 1991. It opened in 1921, 70 years before. At its last report before that it held $406.0 million in assets and $388.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $535.4 million. The FDIC estimates that the Resolution Trust Corporation lost $19.9 million on it.
1984-031990-12
Assets at the end$406.0 millionlast report before March 8, 1991
Deposits at the end$388.6 million
Estimated loss to the fund$19.9 millionRTC
Largest in the quarterly reports$535.4 millionSeptember 30, 1989
Equity to assets0.4%December 31, 1990
Loans not being repaid6.9%noncurrent, December 31, 1990
Return on assets-0.78%a year's rate, December 31, 1990
Staff177full 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.