The Graveyard › Banks › 1989
Empire State Bank
New York, NY · failed July 28, 1989 · FDIC certificate 26722
Empire State Bank of New York, NY failed on July 28, 1989. It opened on July 21, 1986, 3 years before. At its last report before that it held $30.2 million in assets and $26.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $33.2 million. The FDIC estimates that the FDIC's insurance fund lost $2.6 million on it.
1986-091989-03
Assets at the end$30.2 millionlast report before July 28, 1989
Deposits at the end$26.2 million
Estimated loss to the fund$2.6 millionFDIC
Largest in the quarterly reports$33.2 millionSeptember 30, 1988
Equity to assets6.9%March 31, 1989
Loans not being repaid6.7%noncurrent, March 31, 1989
Return on assets0.66%a year's rate, March 31, 1989
Staff18full time, March 31, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.