The Graveyard › Banks › 1993
Crown National Bank
Charlotte · failed May 20, 1993 · FDIC certificate 32731
Crown National Bank of Charlotte failed on May 20, 1993. It opened on December 14, 1989, 3 years before. At its last report before that it held $26.3 million in assets and $24.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1991, it held $34.1 million. The FDIC estimates that the Bank Insurance Fund lost $1.7 million on it.
1989-121993-03
Assets at the end$26.3 millionlast report before May 20, 1993
Deposits at the end$24.8 million
Estimated loss to the fund$1.7 millionBIF
Largest in the quarterly reports$34.1 millionSeptember 30, 1991
Equity to assets5.1%March 31, 1993
Loans not being repaid9.4%noncurrent, March 31, 1993
Return on assets-9.77%a year's rate, March 31, 1993
Staff17full time, March 31, 1993
Also ended in 1993
- Western FSB · Marina Del Ray, CA · $3.8 billion in assets
- Old Stone SB · Providence, RI · $1.8 billion in assets
- New England Savings Bank · New London, CT · $914.9 million in assets
- First National Bank of Vermont · Bradford, VT · $295.8 million in assets
- The Bank of San Diego · San Diego, CA · $294.3 million in assets
- Jefferson National Bank · Watertown, NY · $256.0 million 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.