The Graveyard › Banks › 1992
Shenandoah Fsa
Martinsburg, WV · failed May 8, 1992 · FDIC certificate 31664
Shenandoah Fsa of Martinsburg, WV failed on May 8, 1992. It opened on September 17, 1973, 18 years before. At its last report before that it held $94.2 million in assets and $69.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $117.7 million. The FDIC estimates that the Resolution Trust Corporation lost $5.1 million on it.
1984-031992-03
Assets at the end$94.2 millionlast report before May 8, 1992
Deposits at the end$69.0 million
Estimated loss to the fund$5.1 millionRTC
Largest in the quarterly reports$117.7 millionDecember 31, 1989
Equity to assets-1.0%March 31, 1992
Loans not being repaid7.3%noncurrent, March 31, 1992
Return on assets1.74%a year's rate, March 31, 1992
Staff59full time, March 31, 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.