The Graveyard › Banks › 1992
Commonwealth FSB
Manassas, VA · failed April 3, 1992 · FDIC certificate 31453
Commonwealth FSB of Manassas, VA failed on April 3, 1992. It opened in 1964, 28 years before. At its last report before that it held $72.5 million in assets and $64.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $97.3 million. The FDIC estimates that the Resolution Trust Corporation lost $16.4 million on it.
1984-031992-03
Assets at the end$72.5 millionlast report before April 3, 1992
Deposits at the end$64.8 million
Estimated loss to the fund$16.4 millionRTC
Largest in the quarterly reports$97.3 millionDecember 31, 1989
Equity to assets-5.4%March 31, 1992
Loans not being repaid14.1%noncurrent, March 31, 1992
Return on assets-6.36%a year's rate, March 31, 1992
Staff36full time, March 31, 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.