The Graveyard › Banks › 1991
First Hanover Bank
Wilmington, NC · failed October 25, 1991 · FDIC certificate 26561
First Hanover Bank of Wilmington, NC failed on October 25, 1991. It opened on February 17, 1986, 5 years before. At its last report before that it held $48.2 million in assets and $46.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1990, it held $68.0 million. The FDIC estimates that the Bank Insurance Fund lost $5.7 million on it.
1986-031991-09
Assets at the end$48.2 millionlast report before October 25, 1991
Deposits at the end$46.5 million
Estimated loss to the fund$5.7 millionBIF
Largest in the quarterly reports$68.0 millionDecember 31, 1990
Equity to assets0.7%September 30, 1991
Loans not being repaid4.1%noncurrent, September 30, 1991
Return on assets-6.10%a year's rate, September 30, 1991
Staff37full time, September 30, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.