The Graveyard › Banks › 1992
Citadel Fs & La
Charleston, SC · failed August 7, 1992 · FDIC certificate 32468
Citadel Fs & La of Charleston, SC failed on August 7, 1992. It opened on April 3, 1986, 6 years before. At its last report before that it held $39.0 million in assets and $37.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $52.3 million. The FDIC estimates that the Resolution Trust Corporation lost $8.8 million on it.
1986-061992-06
Assets at the end$39.0 millionlast report before August 7, 1992
Deposits at the end$37.6 million
Estimated loss to the fund$8.8 millionRTC
Largest in the quarterly reports$52.3 millionJune 30, 1989
Equity to assets0.7%June 30, 1992
Loans not being repaid10.6%noncurrent, June 30, 1992
Return on assets-3.16%a year's rate, June 30, 1992
Staff19full time, June 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
- 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.