The Graveyard › Banks › 1992
United Mercantile B & T Co, N.A.
Pasadena, CA · failed March 20, 1992 · FDIC certificate 23855
United Mercantile B & T Co, N.A. of Pasadena, CA failed on March 20, 1992. It opened on May 18, 1982, 9 years before. At its last report before that it held $36.5 million in assets and $37.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $72.8 million. The FDIC estimates that the Bank Insurance Fund lost $12.4 million on it.
1984-031991-12
Assets at the end$36.5 millionlast report before March 20, 1992
Deposits at the end$37.7 million
Estimated loss to the fund$12.4 millionBIF
Largest in the quarterly reports$72.8 millionMarch 31, 1987
Equity to assets-3.7%December 31, 1991
Loans not being repaid9.3%noncurrent, December 31, 1991
Return on assets-3.73%a year's rate, December 31, 1991
Staff31full time, December 31, 1991
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.