The Graveyard › Banks › 1992
Crossland Savings Bank, FSB
Brooklyn, NY · failed January 24, 1992 · FDIC certificate 16013
Crossland Savings Bank, FSB of Brooklyn, NY failed on January 24, 1992. It opened on April 13, 1860, 131 years before. At its last report before that it held $7.4 billion in assets and $5.5 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $12.7 billion. The FDIC estimates that the Bank Insurance Fund lost $753.4 million on it.
1984-031991-12
Assets at the end$7.4 billionlast report before January 24, 1992
Deposits at the end$5.5 billion
Estimated loss to the fund$753.4 millionBIF
Largest in the quarterly reports$12.7 billionMarch 31, 1989
Equity to assets-3.1%December 31, 1991
Loans not being repaid14.0%noncurrent, December 31, 1991
Return on assets-5.51%a year's rate, December 31, 1991
Staff1,614full time, December 31, 1991
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 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
- 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.