The Graveyard › Banks › 2004
Reliance Bank
White Plains, NY · failed March 19, 2004 · FDIC certificate 26778
Reliance Bank of White Plains, NY failed on March 19, 2004. It opened on August 18, 1986, 17 years before. At its last report before that it held $28.6 million in assets and $27.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $54.0 million. The FDIC estimates that the Bank Insurance Fund lost $919,070 on it.
1986-092003-12
Assets at the end$28.6 millionlast report before March 19, 2004
Deposits at the end$27.9 million
Estimated loss to the fund$919,070BIF
Largest in the quarterly reports$54.0 millionSeptember 30, 1988
Equity to assets2.4%December 31, 2003
Loans not being repaid11.3%noncurrent, December 31, 2003
Return on assets-7.90%a year's rate, December 31, 2003
Staff10full time, December 31, 2003
Also ended in 2004
- Guaranty National Bank · Tallahassee, FL · $71.3 million in assets
- Bank of Ephraim · Ephraim, UT · $56.8 million in assets
- Dollar Savings Bank · Newark, NJ · $13.4 million 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.