The Graveyard › Banks › 1992

Highlands Community Bank, N.A.

Clinton Township, NJ · failed September 25, 1992 · FDIC certificate 26844

Highlands Community Bank, N.A. of Clinton Township, NJ failed on September 25, 1992. It opened on November 21, 1986, 5 years before. At its last report before that it held $19.7 million in assets and $19.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $37.6 million. The FDIC estimates that the Bank Insurance Fund lost $2.5 million on it.

1986-121992-06

Assets at the end$19.7 millionlast report before September 25, 1992

Deposits at the end$19.5 million

Estimated loss to the fund$2.5 millionBIF

Largest in the quarterly reports$37.6 millionMarch 31, 1989

Equity to assets-0.2%June 30, 1992

Loans not being repaid18.2%noncurrent, June 30, 1992

Return on assets-10.05%a year's rate, June 30, 1992

Staff10full time, June 30, 1992

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Also ended in 1992

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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.