The Graveyard › Banks › 1992
Merchants National Bank
Fort Myers, FL · failed February 7, 1992 · FDIC certificate 27213
Merchants National Bank of Fort Myers, FL failed on February 7, 1992. It opened on March 25, 1988, 3 years before. At its last report before that it held $35.1 million in assets and $35.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $58.9 million. The FDIC estimates that the Bank Insurance Fund lost $5.2 million on it.
1988-031991-12
Assets at the end$35.1 millionlast report before February 7, 1992
Deposits at the end$35.3 million
Estimated loss to the fund$5.2 millionBIF
Largest in the quarterly reports$58.9 millionJune 30, 1990
Equity to assets-1.3%December 31, 1991
Loans not being repaid7.9%noncurrent, December 31, 1991
Return on assets-4.02%a year's rate, December 31, 1991
Staff19full time, December 31, 1991
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.