The Graveyard › Banks › 1992
Homefed Bank, FA
San Diego, CA · failed July 6, 1992 · FDIC certificate 29234
Homefed Bank, FA of San Diego, CA failed on July 6, 1992. It opened on November 1, 1934, 57 years before. At its last report before that it held $12.2 billion in assets and $8.9 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $19.1 billion. The FDIC estimates that the Resolution Trust Corporation lost $751.6 million on it.
1984-031992-06
Assets at the end$12.2 billionlast report before July 6, 1992
Deposits at the end$8.9 billion
Estimated loss to the fund$751.6 millionRTC
Largest in the quarterly reports$19.1 billionSeptember 30, 1990
Equity to assets-1.4%June 30, 1992
Loans not being repaid9.1%noncurrent, June 30, 1992
Return on assets-2.26%a year's rate, June 30, 1992
Staff2,658full time, June 30, 1992
Also ended in 1992
- 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
- Transohio, FSB · Cleveland, OH · $3.4 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.