The Graveyard › Banks › 1987
New World National Bank
Pittsburgh, PA · failed October 22, 1987 · FDIC certificate 21951
New World National Bank of Pittsburgh, PA failed on October 22, 1987. It opened on March 17, 1975, 12 years before. At its last report before that it held $14.7 million in assets and $14.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $29.1 million. The FDIC estimates that the FDIC's insurance fund lost $2.1 million on it.
1984-031987-06
Assets at the end$14.7 millionlast report before October 22, 1987
Deposits at the end$14.8 million
Estimated loss to the fund$2.1 millionFDIC
Largest in the quarterly reports$29.1 millionDecember 31, 1985
Equity to assets-1.6%June 30, 1987
Loans not being repaid10.4%noncurrent, June 30, 1987
Return on assets-0.82%a year's rate, June 30, 1987
Staff13full time, June 30, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted
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.