The Graveyard › Banks › 1992

United Savings of America, FA

Melbourne, FL · failed February 7, 1992 · FDIC certificate 30265

United Savings of America, FA of Melbourne, FL failed on February 7, 1992. It opened on August 17, 1945, 46 years before. At its last report before that it held $327.2 million in assets and $293.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $584.0 million. The FDIC estimates that the Resolution Trust Corporation lost $15.4 million on it.

1984-031991-12

Assets at the end$327.2 millionlast report before February 7, 1992

Deposits at the end$293.4 million

Estimated loss to the fund$15.4 millionRTC

Largest in the quarterly reports$584.0 millionSeptember 30, 1988

Equity to assets-2.4%December 31, 1991

Loans not being repaid6.9%noncurrent, December 31, 1991

Return on assets-0.43%a year's rate, December 31, 1991

Staff145full time, December 31, 1991

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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.