The Graveyard › Banks › 1992
Home FSB
Norfolk, VA · failed July 10, 1992 · FDIC certificate 30091
Home FSB of Norfolk, VA failed on July 10, 1992. It opened in 1886, 106 years before. At its last report before that it held $224.2 million in assets and $195.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $347.9 million. The FDIC estimates that the Resolution Trust Corporation lost $42.8 million on it.
1984-031992-06
Assets at the end$224.2 millionlast report before July 10, 1992
Deposits at the end$195.2 million
Estimated loss to the fund$42.8 millionRTC
Largest in the quarterly reports$347.9 millionSeptember 30, 1986
Equity to assets-0.3%June 30, 1992
Loans not being repaid11.4%noncurrent, June 30, 1992
Return on assets-2.38%a year's rate, June 30, 1992
Staff42full time, June 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.