The Graveyard › Banks › 1991
Goldome
Buffalo, NY · failed May 31, 1991 · FDIC certificate 15963
Goldome of Buffalo, NY failed on May 31, 1991. It opened on May 8, 1846, 145 years before. At its last report before that it held $9.9 billion in assets and $6.5 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $13.4 billion. The FDIC estimates that the Bank Insurance Fund lost $779.4 million on it.
1984-031991-03
Assets at the end$9.9 billionlast report before May 31, 1991
Deposits at the end$6.5 billion
Estimated loss to the fund$779.4 millionBIF
Largest in the quarterly reports$13.4 billionSeptember 30, 1988
Equity to assets1.0%March 31, 1991
Loans not being repaid3.5%noncurrent, March 31, 1991
Return on assets0.41%a year's rate, March 31, 1991
Staff2,421full time, March 31, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 billion in assets
- Columbia Savings and Loan Association · Beverly Hills, CA · $5.4 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.