The Graveyard › Banks › 1990

Freedom National Bank of New York

New York, NY · failed November 9, 1990 · FDIC certificate 19316

Freedom National Bank of New York of New York, NY failed on November 9, 1990. It opened on December 21, 1964, 25 years before. At its last report before that it held $110.4 million in assets and $101.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $534.1 million. The FDIC estimates that the Bank Insurance Fund lost $12.3 million on it.

1984-031990-09

Assets at the end$110.4 millionlast report before November 9, 1990

Deposits at the end$101.0 million

Estimated loss to the fund$12.3 millionBIF

Largest in the quarterly reports$534.1 millionDecember 31, 1985

Equity to assets0.1%September 30, 1990

Loans not being repaid17.6%noncurrent, September 30, 1990

Return on assets-2.03%a year's rate, September 30, 1990

Staff101full time, September 30, 1990

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Also ended in 1990

Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
Franklin Fsa · Ottawa · $9.3 billion in assets
Centrust Bank, SB · Miami, FL · $8.2 billion in assets
Empire of America FSB · Buffalo, NY · $8.2 billion in assets
Merabank FSB · Phoenix, AZ · $6.3 billion in assets
Southwest Savings Association · Dallas, TX · $5.3 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.