The Graveyard › Banks › 1991
State Savings
Jackson Heights, NY · failed March 22, 1991 · FDIC certificate 28512
State Savings of Jackson Heights, NY failed on March 22, 1991. It opened in 1887, 104 years before. At its last report before that it held $445.4 million in assets and $393.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $491.3 million. The FDIC estimates that the Resolution Trust Corporation lost $166.3 million on it.
1984-031990-12
Assets at the end$445.4 millionlast report before March 22, 1991
Deposits at the end$393.8 million
Estimated loss to the fund$166.3 millionRTC
Largest in the quarterly reports$491.3 millionJune 30, 1989
Equity to assets1.1%December 31, 1990
Loans not being repaid29.9%noncurrent, December 31, 1990
Return on assets-1.17%a year's rate, December 31, 1990
Staff126full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.