The Graveyard › Banks › 1991
The First National Bank of Toms River
Toms River, NJ · failed May 22, 1991 · FDIC certificate 6499
The First National Bank of Toms River of Toms River, NJ failed on May 22, 1991. It opened on March 3, 1881, 110 years before. At its last report before that it held $1.4 billion in assets and $1.4 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $1.9 billion. The FDIC estimates that the Bank Insurance Fund lost $115.6 million on it.
1984-031991-03
Assets at the end$1.4 billionlast report before May 22, 1991
Deposits at the end$1.4 billion
Estimated loss to the fund$115.6 millionBIF
Largest in the quarterly reports$1.9 billionMarch 31, 1988
Equity to assets-2.1%March 31, 1991
Loans not being repaid18.0%noncurrent, March 31, 1991
Return on assets-0.47%a year's rate, March 31, 1991
Staff1,087full 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.