The Graveyard › Banks › 1992
First FSB of South Dakota
Rapid City, SD · failed April 24, 1992 · FDIC certificate 27853
First FSB of South Dakota of Rapid City, SD failed on April 24, 1992. It opened in 1925, 67 years before. At its last report before that it held $155.9 million in assets and $169.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $375.5 million. The FDIC estimates that the Resolution Trust Corporation lost $24.1 million on it.
1984-031992-03
Assets at the end$155.9 millionlast report before April 24, 1992
Deposits at the end$169.9 million
Estimated loss to the fund$24.1 millionRTC
Largest in the quarterly reports$375.5 millionDecember 31, 1988
Equity to assets-21.6%March 31, 1992
Loans not being repaid10.1%noncurrent, March 31, 1992
Return on assets-10.06%a year's rate, March 31, 1992
Staff74full 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.