The Graveyard › Banks › 1991
Suburban National Bank
Hillsborough Twns, NJ · failed July 26, 1991 · FDIC certificate 27157
Suburban National Bank of Hillsborough Twns, NJ failed on July 26, 1991. It opened on January 13, 1988, 3 years before. At its last report before that it held $91.1 million in assets and $91.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1990, it held $108.7 million. The FDIC estimates that the Bank Insurance Fund lost $27.8 million on it.
1988-031991-03
Assets at the end$91.1 millionlast report before July 26, 1991
Deposits at the end$91.3 million
Estimated loss to the fund$27.8 millionBIF
Largest in the quarterly reports$108.7 millionMarch 31, 1990
Equity to assets-1.3%March 31, 1991
Loans not being repaid19.5%noncurrent, March 31, 1991
Return on assets-10.71%a year's rate, March 31, 1991
Staff34full time, March 31, 1991
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.