The Graveyard › Banks › 2012
Fort Lee Federal Savings Bank, FSB
Fort Lee, NJ · failed April 20, 2012 · FDIC certificate 35527
Fort Lee Federal Savings Bank, FSB of Fort Lee, NJ failed on April 20, 2012. It opened on December 15, 2000, 11 years before. At its last report before that it held $48.9 million in assets and $47.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2010, it held $74.2 million. The FDIC estimates that the Deposit Insurance Fund lost $11.9 million on it.
2001-032012-03
Assets at the end$48.9 millionlast report before April 20, 2012
Deposits at the end$47.8 million
Estimated loss to the fund$11.9 millionDIF
Largest in the quarterly reports$74.2 millionJune 30, 2010
Equity to assets1.6%March 31, 2012
Loans not being repaid10.8%noncurrent, March 31, 2012
Return on assets-1.88%a year's rate, March 31, 2012
Staff11full time, March 31, 2012
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- The First State Bank · Stockbridge, GA · $516.8 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 million 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.