Colonial Savings Bank, SLA
Roselle Park, NJ
$427M
total assets, September 30, 1989
$427M
total assets, September 30, 1989
Colonial Savings Bank, SLA was a savings and loan in Roselle Park, NJ. It failed on Nov 9, 1989, and Branch Sale took over its deposits. At its last report it held $427.1 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Nov 9, 1989
- Assets
- $427M
- Deposits
- $338M
- Estimated cost
- $103M
- Deposits went to
- Branch Sale, None, NA
Total assets
$427M
+8.4% in a year · -0.9% in a quarter
Deposits
$338M
+10.8% in a year · +2.8% in a quarter
Loans
$250M
+24.7% in a year · +1.2% in a quarter
Profit so far
-$16.9M
Jan 1 to Sep 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-5.27%
-4.51 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1 West Westfield Avenue, Roselle Park, NJ, 07204
- County
- Union
- Established
- Jan 1, 1904
- Failed
- Nov 9, 1989
- Id
- b30190
Quarter by quarter
March 31, 1984 to September 30, 1989
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 Colonial Savings Bank, SLA?
$427.1 million in total assets and $338.0 million in deposits as of September 30, 1989, with assets up 8.4% from a year before. Its loans were $250.0 million.
Is Colonial Savings Bank, SLA profitable?
No: it lost $16.9 million from January 1 to September 30, 1989. Its return on assets was -5.27% a year; about 1% is typical.
When did Colonial Savings Bank, SLA fail?
Nov 9, 1989. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $103.5 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.