The Graveyard › Banks › 1992
Sailors & Merchants B&T Co.
Vienna, VA · failed December 11, 1992 · FDIC certificate 25306
Sailors & Merchants B&T Co. of Vienna, VA failed on December 11, 1992. It opened on August 13, 1984, 8 years before. At its last report before that it held $34.8 million in assets and $34.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1990, it held $60.7 million. The FDIC estimates that the Bank Insurance Fund lost $5.0 million on it.
1984-091992-09
Assets at the end$34.8 millionlast report before December 11, 1992
Deposits at the end$34.5 million
Estimated loss to the fund$5.0 millionBIF
Largest in the quarterly reports$60.7 millionDecember 31, 1990
Equity to assets0.6%September 30, 1992
Loans not being repaid14.1%noncurrent, September 30, 1992
Return on assets-5.42%a year's rate, September 30, 1992
Staff27full time, September 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.