The Graveyard › Banks › 1992
Homestead Fsa
San Francisco, CA · failed October 30, 1992 · FDIC certificate 28218
Homestead Fsa of San Francisco, CA failed on October 30, 1992. It opened in 1887, 105 years before. At its last report before that it held $1.3 billion in assets and $1.2 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $5.7 billion. The FDIC estimates that the Resolution Trust Corporation lost $19.2 million on it.
1984-031992-09
Assets at the end$1.3 billionlast report before October 30, 1992
Deposits at the end$1.2 billion
Estimated loss to the fund$19.2 millionRTC
Largest in the quarterly reports$5.7 billionJune 30, 1988
Equity to assets3.8%September 30, 1992
Loans not being repaid5.6%noncurrent, September 30, 1992
Return on assets-0.08%a year's rate, September 30, 1992
Staff276full 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.