$30.2M
total assets, March 31, 1989
Empire State Bank was a state nonmember bank in New York City, NY. It failed on Jul 28, 1989, and its insured deposits were paid out. At its last report it held $30.2 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- Jul 28, 1989
- Assets
- $30.2M
- Deposits
- $26.2M
- Estimated cost
- $2.6M
- Deposits went to
- payout
Total assets
$30.2M
+2.6% in a year · -7.5% in a quarter
Deposits
$26.2M
+4.4% in a year · -8.9% in a quarter
Loans
$21.8M
+32.1% in a year · +6.9% in a quarter
Profit so far
$52K
Jan 1 to Mar 31, 1989
Capital ratio
6.38%
-5.34 pts in a year
Return on assets
0.66%
+2.56 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1255 Broadway, New York City, NY, 10001
- County
- New York
- Established
- Jul 21, 1986
- Failed
- Jul 28, 1989
- Employees
- 18
- Id
- b26722
Quarter by quarter
September 30, 1986 to March 31, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 11
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Empire State Bank?
$30.2 million in total assets and $26.2 million in deposits as of March 31, 1989, with assets up 2.6% from a year before. Its loans were $21.8 million.
Is Empire State Bank profitable?
Yes: it earned $52,000 from January 1 to March 31, 1989. Its return on assets was 0.66% a year; about 1% is typical.
When did Empire State Bank fail?
Jul 28, 1989. The estimated cost of the failure was $2.64 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.