The Graveyard › Banks › 1992
First Exchange Bank of Madison County
Fredericktown, MO · failed May 7, 1992 · FDIC certificate 24242
First Exchange Bank of Madison County of Fredericktown, MO failed on May 7, 1992. It opened on January 22, 1983, 9 years before. At its last report before that it held $34.8 million in assets and $34.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $46.3 million. The FDIC estimates that the Bank Insurance Fund lost $1.6 million on it.
1984-031992-03
Assets at the end$34.8 millionlast report before May 7, 1992
Deposits at the end$34.2 million
Estimated loss to the fund$1.6 millionBIF
Largest in the quarterly reports$46.3 millionDecember 31, 1989
Equity to assets0.8%March 31, 1992
Loans not being repaid6.7%noncurrent, March 31, 1992
Return on assets-13.95%a year's rate, March 31, 1992
Staff30full 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.