The Graveyard › Banks › 1990
Whitestone Savings
Whitestone, NY · failed March 16, 1990 · FDIC certificate 30194
Whitestone Savings of Whitestone, NY failed on March 16, 1990. It opened in 1891, 99 years before. At its last report before that it held $396.9 million in assets and $352.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $487.6 million. The FDIC estimates that the Resolution Trust Corporation lost $36.5 million on it.
1984-031989-12
Assets at the end$396.9 millionlast report before March 16, 1990
Deposits at the end$352.7 million
Estimated loss to the fund$36.5 millionRTC
Largest in the quarterly reports$487.6 millionMarch 31, 1988
Equity to assets-8.8%December 31, 1989
Loans not being repaid3.7%noncurrent, December 31, 1989
Return on assets-0.20%a year's rate, December 31, 1989
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.