The Graveyard › Banks › 1992
Federal SA of Virginia
Falls Church, VA · failed April 10, 1992 · FDIC certificate 32639
Federal SA of Virginia of Falls Church, VA failed on April 10, 1992. It opened on January 31, 1989, 3 years before. At its last report before that it held $31.5 million in assets and $29.6 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $14.5 million on it.
1989-031992-03
Assets at the end$31.5 millionlast report before April 10, 1992
Deposits at the end$29.6 million
Estimated loss to the fund$14.5 millionRTC
Largest in the quarterly reports$31.5 millionMarch 31, 1992
Equity to assets-0.8%March 31, 1992
Loans not being repaid10.7%noncurrent, March 31, 1992
Return on assets-10.84%a year's rate, March 31, 1992
Staff11full time, March 31, 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.