The Graveyard › Banks › 1992

Freedom Bank

Ranger · assisted October 16, 1992 · FDIC certificate 15579

Freedom Bank of Ranger was given assistance by the FDIC on October 16, 1992. The FDIC's list records an assistance transaction, not a closing. It opened on February 15, 1928, 64 years before. At its last report before that it held $20.9 million in assets and $20.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $51.1 million. The FDIC estimates that the Bank Insurance Fund lost $3,266 on it.

1984-031992-09

Assets at the end$20.9 millionlast report before October 16, 1992

Deposits at the end$20.3 million

Estimated loss to the fund$3,266BIF

Largest in the quarterly reports$51.1 millionMarch 31, 1985

Equity to assets1.7%September 30, 1992

Loans not being repaid5.8%noncurrent, September 30, 1992

Return on assets-0.67%a year's rate, September 30, 1992

Staff15full 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.