The Graveyard › Banks › 1991
Newton Savings Bank, Fsa
Fairfield, NJ · failed May 3, 1991 · FDIC certificate 31179
Newton Savings Bank, Fsa of Fairfield, NJ failed on May 3, 1991. It opened in 1890, 101 years before. At its last report before that it held $40.9 million in assets and $38.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $47.8 million. The FDIC estimates that the Resolution Trust Corporation lost $3.6 million on it.
1984-031991-03
Assets at the end$40.9 millionlast report before May 3, 1991
Deposits at the end$38.4 million
Estimated loss to the fund$3.6 millionRTC
Largest in the quarterly reports$47.8 millionSeptember 30, 1988
Equity to assets0.6%March 31, 1991
Loans not being repaid7.6%noncurrent, March 31, 1991
Return on assets-0.72%a year's rate, March 31, 1991
Staff38full time, March 31, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.