The Graveyard › Banks › 1991
Mid-Jersey National Bank
Somerville, NJ · failed September 20, 1991 · FDIC certificate 26946
Mid-Jersey National Bank of Somerville, NJ failed on September 20, 1991. It opened on April 13, 1987, 4 years before. At its last report before that it held $29.5 million in assets and $28.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $38.4 million. The FDIC estimates that the Bank Insurance Fund lost $6.0 million on it.
1987-061991-06
Assets at the end$29.5 millionlast report before September 20, 1991
Deposits at the end$28.5 million
Estimated loss to the fund$6.0 millionBIF
Largest in the quarterly reports$38.4 millionDecember 31, 1989
Equity to assets-0.5%June 30, 1991
Loans not being repaid14.5%noncurrent, June 30, 1991
Return on assets-7.66%a year's rate, June 30, 1991
Staff15full 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.