The Graveyard › Banks › 1991
Prospect Park, FSB
West Paterson, NJ · failed April 19, 1991 · FDIC certificate 29844
Prospect Park, FSB of West Paterson, NJ failed on April 19, 1991. It opened in 1926, 65 years before. At its last report before that it held $511.5 million in assets and $474.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $583.4 million. The FDIC estimates that the Resolution Trust Corporation lost $94.8 million on it.
1984-031991-03
Assets at the end$511.5 millionlast report before April 19, 1991
Deposits at the end$474.3 million
Estimated loss to the fund$94.8 millionRTC
Largest in the quarterly reports$583.4 millionDecember 31, 1989
Equity to assets2.1%March 31, 1991
Loans not being repaid18.7%noncurrent, March 31, 1991
Return on assets-1.79%a year's rate, March 31, 1991
Staff175full time, March 31, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.