The Graveyard › Banks › 1992
Eastland Savings Bank
Woonsocket, RI · failed December 11, 1992 · FDIC certificate 16977
Eastland Savings Bank of Woonsocket, RI failed on December 11, 1992. It opened on August 23, 1845, 147 years before. At its last report before that it held $515.3 million in assets and $499.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $929.9 million. The FDIC estimates that the Bank Insurance Fund lost $10.3 million on it.
1984-031992-09
Assets at the end$515.3 millionlast report before December 11, 1992
Deposits at the end$499.0 million
Estimated loss to the fund$10.3 millionBIF
Largest in the quarterly reports$929.9 millionJune 30, 1990
Equity to assets2.3%September 30, 1992
Loans not being repaid6.7%noncurrent, September 30, 1992
Return on assets-1.14%a year's rate, September 30, 1992
Staff268full time, September 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.