The Graveyard › Banks › 1991

First Jersey S & La Association

Wyckoff, NJ · failed February 8, 1991 · FDIC certificate 28150

First Jersey S & La Association of Wyckoff, NJ failed on February 8, 1991. It opened in 1905, 86 years before. At its last report before that it held $287.7 million in assets and $257.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $364.6 million. The FDIC estimates that the Resolution Trust Corporation lost $37.8 million on it.

1984-031990-12

Assets at the end$287.7 millionlast report before February 8, 1991

Deposits at the end$257.4 million

Estimated loss to the fund$37.8 millionRTC

Largest in the quarterly reports$364.6 millionSeptember 30, 1988

Equity to assets-1.5%December 31, 1990

Loans not being repaid10.5%noncurrent, December 31, 1990

Return on assets-2.12%a year's rate, December 31, 1990

Staff70full time, December 31, 1990

On the FDIC's list: FIRST JERSEY S & LA ASSOC..

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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.