The Graveyard › Banks › 1992
Peidmont Fsa
Manassas, VA · failed October 9, 1992 · FDIC certificate 28998
Peidmont Fsa of Manassas, VA failed on October 9, 1992. It opened on July 1, 1934, 58 years before. At its last report before that it held $444.6 million in assets and $370.1 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $606.9 million. The FDIC estimates that the Resolution Trust Corporation lost $75.6 million on it.
1984-031992-09
Assets at the end$444.6 millionlast report before October 9, 1992
Deposits at the end$370.1 million
Estimated loss to the fund$75.6 millionRTC
Largest in the quarterly reports$606.9 millionMarch 31, 1989
Equity to assets0.1%September 30, 1992
Loans not being repaid7.0%noncurrent, September 30, 1992
Return on assets-2.38%a year's rate, September 30, 1992
Staff111full 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.