The Graveyard › Banks › 1991
Center S & La
Clifton, NJ · failed January 25, 1991 · FDIC certificate 30169
Center S & La of Clifton, NJ failed on January 25, 1991. It opened on September 1, 1941, 49 years before. At its last report before that it held $132.6 million in assets and $125.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $164.1 million. The FDIC estimates that the Resolution Trust Corporation lost $15.3 million on it.
1984-031990-12
Assets at the end$132.6 millionlast report before January 25, 1991
Deposits at the end$125.4 million
Estimated loss to the fund$15.3 millionRTC
Largest in the quarterly reports$164.1 millionMarch 31, 1989
Equity to assets-3.3%December 31, 1990
Loans not being repaid11.7%noncurrent, December 31, 1990
Return on assets-4.29%a year's rate, December 31, 1990
Staff27full 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.