The Graveyard › Banks › 1992
New England Fsa
Wellesley, MA · failed July 17, 1992 · FDIC certificate 32444
New England Fsa of Wellesley, MA failed on July 17, 1992. It opened on January 13, 1986, 6 years before. At its last report before that it held $137.3 million in assets and $118.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $215.5 million. The FDIC estimates that the Resolution Trust Corporation lost $25.9 million on it.
1986-031992-06
Assets at the end$137.3 millionlast report before July 17, 1992
Deposits at the end$118.1 million
Estimated loss to the fund$25.9 millionRTC
Largest in the quarterly reports$215.5 millionJune 30, 1989
Equity to assets0.9%June 30, 1992
Loans not being repaid8.1%noncurrent, June 30, 1992
Return on assets-0.79%a year's rate, June 30, 1992
Staff31full time, June 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
- Meritor Savings Bank · Philadelphia, PA · $4.1 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
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.