The Graveyard › Banks › 1992
First Community Bank of Cherokee
Woodstock, GA · failed March 31, 1992 · FDIC certificate 27146
First Community Bank of Cherokee of Woodstock, GA failed on March 31, 1992. It opened on January 11, 1988, 4 years before. At its last report before that it held $35.6 million in assets and $33.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $55.4 million. The FDIC estimates that the Bank Insurance Fund lost $6.9 million on it.
1988-031991-12
Assets at the end$35.6 millionlast report before March 31, 1992
Deposits at the end$33.7 million
Estimated loss to the fund$6.9 millionBIF
Largest in the quarterly reports$55.4 millionDecember 31, 1989
Equity to assets-0.9%December 31, 1991
Loans not being repaid7.2%noncurrent, December 31, 1991
Return on assets-6.47%a year's rate, December 31, 1991
Staff22full time, December 31, 1991
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.