The Graveyard › Banks › 1992
Olympic International Bank & Trust
Boston, MA · failed June 26, 1992 · FDIC certificate 25918
Olympic International Bank & Trust of Boston, MA failed on June 26, 1992. It opened on March 14, 1985, 7 years before. At its last report before that it held $140.3 million in assets and $142.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $228.7 million. The FDIC estimates that the Bank Insurance Fund lost $69.2 million on it.
1985-031992-03
Assets at the end$140.3 millionlast report before June 26, 1992
Deposits at the end$142.3 million
Estimated loss to the fund$69.2 millionBIF
Largest in the quarterly reports$228.7 millionDecember 31, 1988
Equity to assets-2.0%March 31, 1992
Loans not being repaid19.2%noncurrent, March 31, 1992
Return on assets-7.85%a year's rate, March 31, 1992
Staff32full time, March 31, 1992
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.