The Graveyard › Banks › 1991
Metrobank Fs & La
Palisades Park, NJ · failed June 28, 1991 · FDIC certificate 30758
Metrobank Fs & La of Palisades Park, NJ failed on June 28, 1991. It opened in 1926, 65 years before. At its last report before that it held $474.3 million in assets and $350.1 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $566.0 million. The FDIC estimates that the Resolution Trust Corporation lost $145.8 million on it.
1984-031991-03
Assets at the end$474.3 millionlast report before June 28, 1991
Deposits at the end$350.1 million
Estimated loss to the fund$145.8 millionRTC
Largest in the quarterly reports$566.0 millionMarch 31, 1989
Equity to assets0.8%March 31, 1991
Loans not being repaid13.9%noncurrent, March 31, 1991
Return on assets-2.00%a year's rate, March 31, 1991
Staff170full time, March 31, 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.