The Graveyard › Banks › 1992
Security Fs & La
Jackson, MS · failed October 16, 1992 · FDIC certificate 31418
Security Fs & La of Jackson, MS failed on October 16, 1992. It opened in 1961, 31 years before. At its last report before that it held $276.5 million in assets and $271.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $509.4 million. The FDIC estimates that the Resolution Trust Corporation lost $42.6 million on it.
1984-031992-09
Assets at the end$276.5 millionlast report before October 16, 1992
Deposits at the end$271.4 million
Estimated loss to the fund$42.6 millionRTC
Largest in the quarterly reports$509.4 millionJune 30, 1988
Equity to assets-0.1%September 30, 1992
Loans not being repaid8.3%noncurrent, September 30, 1992
Return on assets0.40%a year's rate, September 30, 1992
Staff124full 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.