The Graveyard › Banks › 1990
Nassau S & La
Princeton, NJ · failed March 9, 1990 · FDIC certificate 30795
Nassau S & La of Princeton, NJ failed on March 9, 1990. It opened in 1924, 66 years before. At its last report before that it held $313.1 million in assets and $275.6 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $51.9 million on it.
1984-031989-12
Assets at the end$313.1 millionlast report before March 9, 1990
Deposits at the end$275.6 million
Estimated loss to the fund$51.9 millionRTC
Largest in the quarterly reports$323.6 millionSeptember 30, 1989
Equity to assets-2.9%December 31, 1989
Loans not being repaid4.3%noncurrent, December 31, 1989
Return on assets-1.38%a year's rate, December 31, 1989
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.