The Graveyard › Banks › 1988
First Inter-County Bank of New York
New York, NY · failed March 11, 1988 · FDIC certificate 26227
First Inter-County Bank of New York of New York, NY failed on March 11, 1988. It opened on May 6, 1985, 2 years before. At its last report before that it held $44.1 million in assets and $37.9 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $8.0 million on it.
1985-061987-09
Assets at the end$44.1 millionlast report before March 11, 1988
Deposits at the end$37.9 million
Estimated loss to the fund$8.0 millionFDIC
Largest in the quarterly reports$44.1 millionSeptember 30, 1987
Equity to assets13.1%September 30, 1987
Loans not being repaid3.1%noncurrent, September 30, 1987
Return on assets0.47%a year's rate, September 30, 1987
Staff17full time, September 30, 1987
On the FDIC's list: FIRST INTERCOUNTY BANK OF NEW YORK.
Could you have seen it coming? Play Black MondayAlso ended in 1988
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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.