The Graveyard › Banks › 1992
The Washington Bank
Fairfax County, VA · failed September 18, 1992 · FDIC certificate 21181
The Washington Bank of Fairfax County, VA failed on September 18, 1992. It opened on August 1, 1973, 19 years before. At its last report before that it held $28.1 million in assets and $27.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $74.4 million. The FDIC estimates that the Bank Insurance Fund lost $5.1 million on it.
1984-031992-06
Assets at the end$28.1 millionlast report before September 18, 1992
Deposits at the end$27.9 million
Estimated loss to the fund$5.1 millionBIF
Largest in the quarterly reports$74.4 millionJune 30, 1990
Equity to assets-0.5%June 30, 1992
Loans not being repaid19.8%noncurrent, June 30, 1992
Return on assets-1.03%a year's rate, June 30, 1992
Staff23full 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.