The Graveyard › Banks › 1991
Nutley Savings & Loan
Nutley, NJ · failed September 27, 1991 · FDIC certificate 28742
Nutley Savings & Loan of Nutley, NJ failed on September 27, 1991. It opened in 1919, 72 years before. At its last report before that it held $188.6 million in assets and $178.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $242.7 million. The FDIC estimates that the Resolution Trust Corporation lost $17.9 million on it.
1984-031991-06
Assets at the end$188.6 millionlast report before September 27, 1991
Deposits at the end$178.5 million
Estimated loss to the fund$17.9 millionRTC
Largest in the quarterly reports$242.7 millionDecember 31, 1988
Equity to assets-5.4%June 30, 1991
Loans not being repaid11.9%noncurrent, June 30, 1991
Return on assets-0.45%a year's rate, June 30, 1991
Staff50full time, June 30, 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.