The Graveyard › Banks › 1991
Merchants & Mechanics FSB
Springfield, OH · failed August 23, 1991 · FDIC certificate 27693
Merchants & Mechanics FSB of Springfield, OH failed on August 23, 1991. It opened in 1892, 99 years before. At its last report before that it held $209.9 million in assets and $206.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $333.6 million. The FDIC estimates that the Resolution Trust Corporation lost $22.6 million on it.
1984-031991-06
Assets at the end$209.9 millionlast report before August 23, 1991
Deposits at the end$206.1 million
Estimated loss to the fund$22.6 millionRTC
Largest in the quarterly reports$333.6 millionDecember 31, 1987
Equity to assets-4.6%June 30, 1991
Loans not being repaid2.4%noncurrent, June 30, 1991
Return on assets0.25%a year's rate, June 30, 1991
Staff86full time, June 30, 1991
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.