The Graveyard › Banks › 1992
Perpetual Savings Bank
Vienna, VA · failed January 10, 1992 · FDIC certificate 31231
Perpetual Savings Bank of Vienna, VA failed on January 10, 1992. It opened in 1959, 33 years before. At its last report before that it held $2.9 billion in assets and $2.4 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $6.5 billion. The FDIC estimates that the Resolution Trust Corporation lost $453.7 million on it.
1984-031991-12
Assets at the end$2.9 billionlast report before January 10, 1992
Deposits at the end$2.4 billion
Estimated loss to the fund$453.7 millionRTC
Largest in the quarterly reports$6.5 billionJune 30, 1989
Equity to assets0.1%December 31, 1991
Loans not being repaid12.5%noncurrent, December 31, 1991
Return on assets-3.97%a year's rate, December 31, 1991
Staff907full 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.