The Graveyard › Banks › 1993
Jefferson National Bank
Watertown, NY · failed February 26, 1993 · FDIC certificate 7135
Jefferson National Bank of Watertown, NY failed on February 26, 1993. It opened in 1929, 64 years before. At its last report before that it held $256.0 million in assets and $248.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1991, it held $274.5 million. The FDIC estimates that the Bank Insurance Fund lost $43.5 million on it.
1984-031992-12
Assets at the end$256.0 millionlast report before February 26, 1993
Deposits at the end$248.7 million
Estimated loss to the fund$43.5 millionBIF
Largest in the quarterly reports$274.5 millionDecember 31, 1991
Equity to assets1.6%December 31, 1992
Loans not being repaid14.4%noncurrent, December 31, 1992
Return on assets-4.95%a year's rate, December 31, 1992
Staff203full time, December 31, 1992
Also ended in 1993
- Western FSB · Marina Del Ray, CA · $3.8 billion in assets
- Old Stone SB · Providence, RI · $1.8 billion in assets
- New England Savings Bank · New London, CT · $914.9 million in assets
- First National Bank of Vermont · Bradford, VT · $295.8 million in assets
- The Bank of San Diego · San Diego, CA · $294.3 million in assets
- Capital Bank of California · Los Angeles, CA · $227.7 million 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.