The Graveyard › Banks › 1992
Hometown Bank
Edison, NJ · failed September 25, 1992 · FDIC certificate 27416
Hometown Bank of Edison, NJ failed on September 25, 1992. It opened on December 27, 1988, 3 years before. At its last report before that it held $25.2 million in assets and $24.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1990, it held $45.7 million. The FDIC estimates that the Bank Insurance Fund lost $7.3 million on it.
1988-121992-06
Assets at the end$25.2 millionlast report before September 25, 1992
Deposits at the end$24.8 million
Estimated loss to the fund$7.3 millionBIF
Largest in the quarterly reports$45.7 millionMarch 31, 1990
Equity to assets0.8%June 30, 1992
Loans not being repaid7.8%noncurrent, June 30, 1992
Return on assets-4.54%a year's rate, June 30, 1992
Staff13full 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.