The Graveyard › Banks › 1992
Carteret FSB
Madison, NJ · failed December 4, 1992 · FDIC certificate 30080
Carteret FSB of Madison, NJ failed on December 4, 1992. It opened on September 28, 1939, 53 years before. At its last report before that it held $4.8 billion in assets and $2.7 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $7.2 billion. The FDIC estimates that the Resolution Trust Corporation lost $24.0 million on it.
1984-031992-09
Assets at the end$4.8 billionlast report before December 4, 1992
Deposits at the end$2.7 billion
Estimated loss to the fund$24.0 millionRTC
Largest in the quarterly reports$7.2 billionJune 30, 1989
Equity to assets1.2%September 30, 1992
Loans not being repaid4.4%noncurrent, September 30, 1992
Return on assets0.24%a year's rate, September 30, 1992
Staff870full time, September 30, 1992
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
- 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
- Transohio, FSB · Cleveland, OH · $3.4 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.