The Graveyard › Banks › 1992
Vanguard Savings Bank
Holyoke, MA · failed March 27, 1992 · FDIC certificate 17778
Vanguard Savings Bank of Holyoke, MA failed on March 27, 1992. It opened on May 1, 1855, 136 years before. At its last report before that it held $427.9 million in assets and $432.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $570.7 million. The FDIC estimates that the Bank Insurance Fund lost $120.5 million on it.
1984-031991-12
Assets at the end$427.9 millionlast report before March 27, 1992
Deposits at the end$432.6 million
Estimated loss to the fund$120.5 millionBIF
Largest in the quarterly reports$570.7 millionMarch 31, 1989
Equity to assets-5.6%December 31, 1991
Loans not being repaid16.0%noncurrent, December 31, 1991
Return on assets-11.16%a year's rate, December 31, 1991
Staff106full 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.