The Graveyard › Banks › 1992
State Bank of Springfield
Springfield, MN · failed July 17, 1992 · FDIC certificate 13383
State Bank of Springfield of Springfield, MN failed on July 17, 1992. It opened on December 23, 1891, 100 years before. At its last report before that it held $30.3 million in assets and $28.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $48.2 million. The FDIC estimates that the Bank Insurance Fund lost $127,067 on it.
1984-031992-06
Assets at the end$30.3 millionlast report before July 17, 1992
Deposits at the end$28.5 million
Estimated loss to the fund$127,067BIF
Largest in the quarterly reports$48.2 millionMarch 31, 1988
Equity to assets1.2%June 30, 1992
Loans not being repaid14.5%noncurrent, June 30, 1992
Return on assets-2.54%a year's rate, June 30, 1992
Staff13full 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.