The Graveyard › Banks › 1992
Volunteer Fsa
Little Ferry, NJ · failed June 5, 1992 · FDIC certificate 27728
Volunteer Fsa of Little Ferry, NJ failed on June 5, 1992. It opened in 1925, 67 years before. At its last report before that it held $51.2 million in assets and $49.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $56.1 million. The FDIC estimates that the Resolution Trust Corporation lost $5.2 million on it.
1984-031992-03
Assets at the end$51.2 millionlast report before June 5, 1992
Deposits at the end$49.4 million
Estimated loss to the fund$5.2 millionRTC
Largest in the quarterly reports$56.1 millionDecember 31, 1989
Equity to assets0.5%March 31, 1992
Loans not being repaid14.5%noncurrent, March 31, 1992
Return on assets-1.04%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.