The Graveyard › Banks › 1992
Southern Fsa of Georgia
Atlanta, GA · failed July 10, 1992 · FDIC certificate 29724
Southern Fsa of Georgia of Atlanta, GA failed on July 10, 1992. It opened on June 1, 1936, 56 years before. At its last report before that it held $160.0 million in assets and $151.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $187.1 million. The FDIC estimates that the Resolution Trust Corporation lost $8.4 million on it.
1984-031992-06
Assets at the end$160.0 millionlast report before July 10, 1992
Deposits at the end$151.4 million
Estimated loss to the fund$8.4 millionRTC
Largest in the quarterly reports$187.1 millionDecember 31, 1989
Equity to assets0.2%June 30, 1992
Loans not being repaid6.4%noncurrent, June 30, 1992
Return on assets-3.37%a year's rate, June 30, 1992
Staff130full time, June 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.