The Graveyard › Banks › 1992
Universal Bank
Lanham, MD · failed October 16, 1992 · FDIC certificate 22689
Universal Bank of Lanham, MD failed on October 16, 1992. It opened on July 25, 1978, 14 years before. At its last report before that it held $18.0 million in assets and $18.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1991, it held $23.7 million. The FDIC estimates that the Bank Insurance Fund lost $6.0 million on it.
1984-031992-09
Assets at the end$18.0 millionlast report before October 16, 1992
Deposits at the end$18.1 million
Estimated loss to the fund$6.0 millionBIF
Largest in the quarterly reports$23.7 millionSeptember 30, 1991
Equity to assets-0.6%September 30, 1992
Loans not being repaid9.4%noncurrent, September 30, 1992
Return on assets-7.18%a year's rate, September 30, 1992
Staff10full time, September 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.