The Graveyard › Banks › 1992
The Union Savings Bank
Patchogue, NY · failed August 28, 1992 · FDIC certificate 15979
The Union Savings Bank of Patchogue, NY failed on August 28, 1992. It opened in 1896, 96 years before. At its last report before that it held $491.1 million in assets and $529.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1990, it held $693.4 million. The FDIC estimates that the Bank Insurance Fund lost $133.9 million on it.
1984-031992-06
Assets at the end$491.1 millionlast report before August 28, 1992
Deposits at the end$529.5 million
Estimated loss to the fund$133.9 millionBIF
Largest in the quarterly reports$693.4 millionMarch 31, 1990
Equity to assets-8.4%June 30, 1992
Loans not being repaid20.3%noncurrent, June 30, 1992
Return on assets-24.12%a year's rate, June 30, 1992
Staff231full time, June 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.