The Graveyard › Banks › 1993

The Emerald City Bank

Seattle, WA · failed July 2, 1993 · FDIC certificate 27268

The Emerald City Bank of Seattle, WA failed on July 2, 1993. It opened on June 17, 1988, 5 years before. At its last report before that it held $7.8 million in assets and $7.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1990, it held $25.2 million. The FDIC estimates that the Bank Insurance Fund lost $1.1 million on it.

1988-061993-03

Assets at the end$7.8 millionlast report before July 2, 1993

Deposits at the end$7.2 million

Estimated loss to the fund$1.1 millionBIF

Largest in the quarterly reports$25.2 millionDecember 31, 1990

Equity to assets5.1%March 31, 1993

Loans not being repaid0.7%noncurrent, March 31, 1993

Return on assets-4.02%a year's rate, March 31, 1993

Staff11full time, March 31, 1993

On the FDIC's list: EMERALD CITY BANK.

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Also ended in 1993

Western FSB · Marina Del Ray, CA · $3.8 billion in assets
Old Stone SB · Providence, RI · $1.8 billion in assets
New England Savings Bank · New London, CT · $914.9 million in assets
First National Bank of Vermont · Bradford, VT · $295.8 million in assets
The Bank of San Diego · San Diego, CA · $294.3 million in assets
Jefferson National Bank · Watertown, NY · $256.0 million 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.