The Graveyard › Banks › 1992
Pelican Homestead SA
Metairie, LA · failed January 31, 1992 · FDIC certificate 29518
Pelican Homestead SA of Metairie, LA failed on January 31, 1992. It opened in 1922, 70 years before. At its last report before that it held $1.3 billion in assets and $1.5 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $2.0 billion. The FDIC estimates that the Resolution Trust Corporation lost $288.3 million on it.
1984-031991-12
Assets at the end$1.3 billionlast report before January 31, 1992
Deposits at the end$1.5 billion
Estimated loss to the fund$288.3 millionRTC
Largest in the quarterly reports$2.0 billionMarch 31, 1989
Equity to assets-16.6%December 31, 1991
Loans not being repaid2.7%noncurrent, December 31, 1991
Return on assets-1.94%a year's rate, December 31, 1991
Staff629full time, December 31, 1991
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.