The Graveyard › Banks › 1992
First Newport FSB
Newport Beach, CA · failed June 19, 1992 · FDIC certificate 32452
First Newport FSB of Newport Beach, CA failed on June 19, 1992. It opened on January 30, 1986, 6 years before. At its last report before that it held $35.0 million in assets and $34.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $81.0 million. The FDIC estimates that the Resolution Trust Corporation lost $3.2 million on it.
1986-031992-03
Assets at the end$35.0 millionlast report before June 19, 1992
Deposits at the end$34.4 million
Estimated loss to the fund$3.2 millionRTC
Largest in the quarterly reports$81.0 millionSeptember 30, 1989
Equity to assets-0.1%March 31, 1992
Loans not being repaid1.3%noncurrent, March 31, 1992
Return on assets-1.07%a year's rate, 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.