The Graveyard › Banks › 1991
Westerleigh Savings
Staten Island, NY · failed May 31, 1991 · FDIC certificate 28019
Westerleigh Savings of Staten Island, NY failed on May 31, 1991. It opened in 1892, 99 years before. At its last report before that it held $147.8 million in assets and $145.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $182.1 million. The FDIC estimates that the Resolution Trust Corporation lost $9.9 million on it.
1984-031991-03
Assets at the end$147.8 millionlast report before May 31, 1991
Deposits at the end$145.2 million
Estimated loss to the fund$9.9 millionRTC
Largest in the quarterly reports$182.1 millionJune 30, 1989
Equity to assets0.9%March 31, 1991
Loans not being repaid11.8%noncurrent, March 31, 1991
Return on assets0.21%a year's rate, March 31, 1991
Staff67full time, March 31, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.