The Graveyard › Banks › 1990
Riverside Savings Bank
Riverside, NJ · failed November 2, 1990 · FDIC certificate 30593
Riverside Savings Bank of Riverside, NJ failed on November 2, 1990. It opened in 1886, 104 years before. At its last report before that it held $177.8 million in assets and $145.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $210.2 million. The FDIC estimates that the Resolution Trust Corporation lost $57.2 million on it.
1984-031990-09
Assets at the end$177.8 millionlast report before November 2, 1990
Deposits at the end$145.0 million
Estimated loss to the fund$57.2 millionRTC
Largest in the quarterly reports$210.2 millionSeptember 30, 1989
Equity to assets-5.3%September 30, 1990
Loans not being repaid27.4%noncurrent, September 30, 1990
Return on assets-11.10%a year's rate, September 30, 1990
Staff89full time, September 30, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.