The Graveyard › Banks › 1992
Broadway Bank
Paterson, NJ · failed March 13, 1992 · FDIC certificate 15000
Broadway Bank of Paterson, NJ failed on March 13, 1992. It opened in 1925, 67 years before. At its last report before that it held $400.5 million in assets and $383.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $444.1 million. The FDIC estimates that the Bank Insurance Fund lost $76.2 million on it.
1984-031991-12
Assets at the end$400.5 millionlast report before March 13, 1992
Deposits at the end$383.3 million
Estimated loss to the fund$76.2 millionBIF
Largest in the quarterly reports$444.1 millionSeptember 30, 1990
Equity to assets0.6%December 31, 1991
Loans not being repaid10.1%noncurrent, December 31, 1991
Return on assets-2.81%a year's rate, December 31, 1991
Staff262full 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.