The Graveyard › Banks › 1992
Southstate Bank for Savings
Brockton, MA · failed April 24, 1992 · FDIC certificate 90170
Southstate Bank for Savings of Brockton, MA failed on April 24, 1992. It opened on March 3, 1881, 111 years before. At its last report before that it held $285.9 million in assets and $267.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $345.0 million. The FDIC estimates that the Bank Insurance Fund lost $10.5 million on it.
1986-031991-12
Assets at the end$285.9 millionlast report before April 24, 1992
Deposits at the end$267.5 million
Estimated loss to the fund$10.5 millionBIF
Largest in the quarterly reports$345.0 millionSeptember 30, 1989
Equity to assets1.3%December 31, 1991
Loans not being repaid9.0%noncurrent, December 31, 1991
Return on assets-4.39%a year's rate, December 31, 1991
Staff131full time, December 31, 1991
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.