The Graveyard › Banks › 1992
Meritor Savings Bank
Philadelphia, PA · failed December 11, 1992 · FDIC certificate 15750
Meritor Savings Bank of Philadelphia, PA failed on December 11, 1992. It opened on December 2, 1816, 176 years before. At its last report before that it held $4.1 billion in assets and $2.9 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $18.6 billion. The FDIC estimates that the Bank Insurance Fund lost $360 on it.
1984-031992-09
Assets at the end$4.1 billionlast report before December 11, 1992
Deposits at the end$2.9 billion
Estimated loss to the fund$360BIF
Largest in the quarterly reports$18.6 billionJune 30, 1987
Equity to assets6.5%September 30, 1992
Loans not being repaid7.9%noncurrent, September 30, 1992
Return on assets-2.62%a year's rate, September 30, 1992
Staff980full time, September 30, 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
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 billion in assets
- Transohio, FSB · Cleveland, OH · $3.4 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.