The Graveyard › Banks › 1991
Irving Savings & Loan
Paterson, NJ · failed January 18, 1991 · FDIC certificate 30138
Irving Savings & Loan of Paterson, NJ failed on January 18, 1991. It opened in 1940, 51 years before. At its last report before that it held $222.5 million in assets and $235.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $274.5 million. The FDIC estimates that the Resolution Trust Corporation lost $25.7 million on it.
1984-031990-12
Assets at the end$222.5 millionlast report before January 18, 1991
Deposits at the end$235.8 million
Estimated loss to the fund$25.7 millionRTC
Largest in the quarterly reports$274.5 millionSeptember 30, 1988
Equity to assets-6.6%December 31, 1990
Loans not being repaid2.6%noncurrent, December 31, 1990
Return on assets-1.36%a year's rate, December 31, 1990
Staff91full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.