The Graveyard › Banks › 1990
Mercer Savings Bank
Trenton, NJ · failed September 21, 1990 · FDIC certificate 28586
Mercer Savings Bank of Trenton, NJ failed on September 21, 1990. It opened in 1911, 79 years before. At its last report before that it held $92.7 million in assets and $83.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $103.4 million. The FDIC estimates that the Resolution Trust Corporation lost $18.6 million on it.
1984-031990-06
Assets at the end$92.7 millionlast report before September 21, 1990
Deposits at the end$83.4 million
Estimated loss to the fund$18.6 millionRTC
Largest in the quarterly reports$103.4 millionMarch 31, 1988
Equity to assets0.3%June 30, 1990
Loans not being repaid14.9%noncurrent, June 30, 1990
Return on assets-0.50%a year's rate, June 30, 1990
Staff37full time, June 30, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.