The Graveyard › Banks › 1990
Empire Savings Bank
Hammonton, NJ · failed December 14, 1990 · FDIC certificate 28473
Empire Savings Bank of Hammonton, NJ failed on December 14, 1990. It opened in 1871, 119 years before. At its last report before that it held $219.3 million in assets and $193.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $255.3 million. The FDIC estimates that the Resolution Trust Corporation lost $28.3 million on it.
1984-031990-09
Assets at the end$219.3 millionlast report before December 14, 1990
Deposits at the end$193.7 million
Estimated loss to the fund$28.3 millionRTC
Largest in the quarterly reports$255.3 millionJune 30, 1989
Equity to assets0.5%September 30, 1990
Loans not being repaid5.3%noncurrent, September 30, 1990
Return on assets-4.88%a year's rate, September 30, 1990
Staff99full time, September 30, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.