The Graveyard › Banks › 1992

First New York Bank for Business

New York, NY · failed November 13, 1992 · FDIC certificate 22073

First New York Bank for Business of New York, NY failed on November 13, 1992. It opened on July 28, 1975, 17 years before. At its last report before that it held $530.7 million in assets and $498.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $733.0 million. The FDIC estimates that the Bank Insurance Fund lost $164.6 million on it.

1984-031992-09

Assets at the end$530.7 millionlast report before November 13, 1992

Deposits at the end$498.9 million

Estimated loss to the fund$164.6 millionBIF

Largest in the quarterly reports$733.0 millionSeptember 30, 1990

Equity to assets0.6%September 30, 1992

Loans not being repaid17.3%noncurrent, September 30, 1992

Return on assets-4.33%a year's rate, September 30, 1992

Staff152full time, September 30, 1992

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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.