The Graveyard › Banks › 1990
Mutual Aide S & La
Manasquan, NJ · failed May 4, 1990 · FDIC certificate 30130
Mutual Aide S & La of Manasquan, NJ failed on May 4, 1990. It opened in 1923, 67 years before. At its last report before that it held $103.3 million in assets and $105.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $122.8 million. The FDIC estimates that the Resolution Trust Corporation lost $17.9 million on it.
1984-031990-03
Assets at the end$103.3 millionlast report before May 4, 1990
Deposits at the end$105.0 million
Estimated loss to the fund$17.9 millionRTC
Largest in the quarterly reports$122.8 millionSeptember 30, 1986
Equity to assets-3.1%March 31, 1990
Loans not being repaid15.6%noncurrent, March 31, 1990
Return on assets0.35%a year's rate, March 31, 1990
Staff32full time, March 31, 1990
Also ended in 1990
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- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.