The Graveyard › Banks › 1992
First Russell County
Phenix City, AL · failed July 24, 1992 · FDIC certificate 29418
First Russell County of Phenix City, AL failed on July 24, 1992. It opened in 1934, 58 years before. At its last report before that it held $87.0 million in assets and $80.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $106.8 million. The FDIC estimates that the Resolution Trust Corporation lost $390,344 on it.
1984-031992-06
Assets at the end$87.0 millionlast report before July 24, 1992
Deposits at the end$80.5 million
Estimated loss to the fund$390,344RTC
Largest in the quarterly reports$106.8 millionJune 30, 1989
Equity to assets1.5%June 30, 1992
Loans not being repaid2.8%noncurrent, June 30, 1992
Return on assets-1.78%a year's rate, June 30, 1992
Staff46full time, June 30, 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.