The Graveyard › Banks › 1992
Statewide Thrift and Loan Co.
Redwood City, CA · failed November 13, 1992 · FDIC certificate 26656
Statewide Thrift and Loan Co. of Redwood City, CA failed on November 13, 1992. It opened on May 1, 1986, 6 years before. At its last report before that it held $9.6 million in assets and $9.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $20.5 million. The FDIC estimates that the Bank Insurance Fund lost $2.3 million on it.
1986-061992-09
Assets at the end$9.6 millionlast report before November 13, 1992
Deposits at the end$9.5 million
Estimated loss to the fund$2.3 millionBIF
Largest in the quarterly reports$20.5 millionJune 30, 1990
Equity to assets1.4%September 30, 1992
Loans not being repaid4.6%noncurrent, September 30, 1992
Return on assets-9.09%a year's rate, September 30, 1992
Staff12full time, September 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.