The Graveyard › Banks › 1992
Potomac FSB
Silver Spring, MD · failed August 28, 1992 · FDIC certificate 32388
Potomac FSB of Silver Spring, MD failed on August 28, 1992. It opened on October 11, 1985, 6 years before. At its last report before that it held $72.3 million in assets and $68.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1991, it held $79.0 million. The FDIC estimates that the Resolution Trust Corporation lost $32.0 million on it.
1985-121992-06
Assets at the end$72.3 millionlast report before August 28, 1992
Deposits at the end$68.8 million
Estimated loss to the fund$32.0 millionRTC
Largest in the quarterly reports$79.0 millionJune 30, 1991
Equity to assets0.7%June 30, 1992
Loans not being repaid10.6%noncurrent, June 30, 1992
Return on assets-4.46%a year's rate, June 30, 1992
Staff26full time, June 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.