The Graveyard › Banks › 1991

Eastern Fs & La of Sayville

Sayville, NY · failed September 27, 1991 · FDIC certificate 29563

Eastern Fs & La of Sayville of Sayville, NY failed on September 27, 1991. It opened on November 25, 1935, 55 years before. At its last report before that it held $249.5 million in assets and $264.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $302.3 million. The FDIC estimates that the Resolution Trust Corporation lost $29.1 million on it.

1984-031991-06

Assets at the end$249.5 millionlast report before September 27, 1991

Deposits at the end$264.9 million

Estimated loss to the fund$29.1 millionRTC

Largest in the quarterly reports$302.3 millionSeptember 30, 1984

Equity to assets-6.2%June 30, 1991

Loans not being repaid6.3%noncurrent, June 30, 1991

Return on assets-1.22%a year's rate, June 30, 1991

Staff106full time, June 30, 1991

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Also ended in 1991

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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.