The Graveyard › Banks › 1992
Palm Beach Fsa
Palm Beach Garden, FL · failed December 8, 1992 · FDIC certificate 32244
Palm Beach Fsa of Palm Beach Garden, FL failed on December 8, 1992. It opened on September 20, 1984, 8 years before. At its last report before that it held $59.4 million in assets and $54.4 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $20.9 million on it.
1984-121992-09
Assets at the end$59.4 millionlast report before December 8, 1992
Deposits at the end$54.4 million
Estimated loss to the fund$20.9 millionRTC
Largest in the quarterly reports$60.5 millionDecember 31, 1990
Equity to assets6.5%September 30, 1992
Loans not being repaid1.1%noncurrent, September 30, 1992
Return on assets-0.34%a year's rate, September 30, 1992
Staff16full time, September 30, 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.