The Graveyard › Banks › 1992
New Heritage Bank
Lawrence, MA · failed March 6, 1992 · FDIC certificate 27092
New Heritage Bank of Lawrence, MA failed on March 6, 1992. It opened on July 9, 1987, 4 years before. At its last report before that it held $99.8 million in assets and $99.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $112.9 million. The FDIC estimates that the Bank Insurance Fund lost $19.3 million on it.
1987-091991-12
Assets at the end$99.8 millionlast report before March 6, 1992
Deposits at the end$99.9 million
Estimated loss to the fund$19.3 millionBIF
Largest in the quarterly reports$112.9 millionSeptember 30, 1990
Equity to assets-0.8%December 31, 1991
Loans not being repaid8.8%noncurrent, December 31, 1991
Return on assets-4.74%a year's rate, December 31, 1991
Staff30full time, December 31, 1991
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.