The Graveyard › Banks › 1992
Vernon Bank
Vernon, CT · failed June 26, 1992 · FDIC certificate 27402
Vernon Bank of Vernon, CT failed on June 26, 1992. It opened on December 15, 1988, 3 years before. At its last report before that it held $34.3 million in assets and $34.5 million in deposits. The FDIC estimates that the Bank Insurance Fund lost $3.1 million on it.
1988-121992-03
Assets at the end$34.3 millionlast report before June 26, 1992
Deposits at the end$34.5 million
Estimated loss to the fund$3.1 millionBIF
Largest in the quarterly reports$35.4 millionJune 30, 1991
Equity to assets-1.0%March 31, 1992
Loans not being repaid8.4%noncurrent, March 31, 1992
Return on assets-0.66%a year's rate, March 31, 1992
Staff15full time, March 31, 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.