The Graveyard › Banks › 1993
Old Stone SB
Providence, RI · failed January 29, 1993 · FDIC certificate 29892
Old Stone SB of Providence, RI failed on January 29, 1993. It opened in 1936, 57 years before. At its last report before that it held $1.8 billion in assets and $1.7 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $3.9 billion. The FDIC estimates that the Resolution Trust Corporation lost $73.6 million on it.
1984-031992-12
Assets at the end$1.8 billionlast report before January 29, 1993
Deposits at the end$1.7 billion
Estimated loss to the fund$73.6 millionRTC
Largest in the quarterly reports$3.9 billionDecember 31, 1987
Equity to assets1.4%December 31, 1992
Loans not being repaid3.7%noncurrent, December 31, 1992
Return on assets-1.41%a year's rate, December 31, 1992
Staff738full time, December 31, 1992
Also ended in 1993
- Western FSB · Marina Del Ray, CA · $3.8 billion in assets
- New England Savings Bank · New London, CT · $914.9 million in assets
- First National Bank of Vermont · Bradford, VT · $295.8 million in assets
- The Bank of San Diego · San Diego, CA · $294.3 million in assets
- Jefferson National Bank · Watertown, NY · $256.0 million in assets
- Capital Bank of California · Los Angeles, CA · $227.7 million 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.