Central Federal Savings FSB
Long Beach, NY
$891M
total assets, September 30, 1990
$891M
total assets, September 30, 1990
Central Federal Savings FSB was a savings bank in Long Beach, NY. It failed on Dec 7, 1990, and Chemical Bank took over its deposits. At its last report it held $890.8 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1990
This bank failed
- Failed on
- Dec 7, 1990
- Assets
- $891M
- Deposits
- $848M
- Estimated cost
- $248M
- Deposits went to
- Chemical Bank, New York, NY
Total assets
$891M
-4.8% in a year · -0.1% in a quarter
Deposits
$848M
+3.0% in a year · +3.6% in a quarter
Loans
$694M
-9.0% in a year · -2.8% in a quarter
Profit so far
-$9.9M
Jan 1 to Sep 30, 1990
Capital ratio
-8.04%
-8.04 pts in a year
Return on assets
-1.46%
-0.05 pts in a year
Facts
- Type
- Savings bank
- Head office
- 249 East Park Avenue, Long Beach, NY, 11561
- County
- Nassau
- Established
- Dec 1, 1936
- Failed
- Dec 7, 1990
- Employees
- 292
- Id
- b29827
Quarter by quarter
March 31, 1984 to September 30, 1990
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Central Federal Savings FSB?
$890.8 million in total assets and $848.4 million in deposits as of September 30, 1990, with assets down 4.8% from a year before. Its loans were $693.6 million.
Is Central Federal Savings FSB profitable?
No: it lost $9.87 million from January 1 to September 30, 1990. Its return on assets was -1.46% a year; about 1% is typical.
When did Central Federal Savings FSB fail?
Dec 7, 1990. Chemical Bank of New York, NY took over its deposits. The estimated cost of the failure was $247.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.