The Graveyard › Banks › 1992
Landmark Bank for Savings
Whitman, MA · failed June 12, 1992 · FDIC certificate 21997
Landmark Bank for Savings of Whitman, MA failed on June 12, 1992. It opened on February 18, 1888, 104 years before. At its last report before that it held $62.1 million in assets and $48.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $100.0 million. The FDIC estimates that the Bank Insurance Fund lost $11.2 million on it.
1984-031992-03
Assets at the end$62.1 millionlast report before June 12, 1992
Deposits at the end$48.1 million
Estimated loss to the fund$11.2 millionBIF
Largest in the quarterly reports$100.0 millionDecember 31, 1988
Equity to assets-0.7%March 31, 1992
Loans not being repaid18.3%noncurrent, March 31, 1992
Return on assets-5.19%a year's rate, March 31, 1992
Staff32full time, March 31, 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.