The Graveyard › Banks › 1992
Heritage Bank for Savings
Holyoke, MA · failed December 4, 1992 · FDIC certificate 21996
Heritage Bank for Savings of Holyoke, MA failed on December 4, 1992. It opened on March 1, 1842, 150 years before. At its last report before that it held $1.3 billion in assets and $1.0 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $1.9 billion. The FDIC estimates that the Bank Insurance Fund lost $24.0 million on it.
1984-031992-09
Assets at the end$1.3 billionlast report before December 4, 1992
Deposits at the end$1.0 billion
Estimated loss to the fund$24.0 millionBIF
Largest in the quarterly reports$1.9 billionJune 30, 1989
Equity to assets1.1%September 30, 1992
Loans not being repaid3.2%noncurrent, September 30, 1992
Return on assets-0.21%a year's rate, September 30, 1992
Staff430full time, September 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.