Freedom National Bank of New York
New York City, NY
$110M
total assets, September 30, 1990
$110M
total assets, September 30, 1990
Freedom National Bank of New York was a national bank in New York City, NY. It failed on Nov 9, 1990, and its insured deposits were paid out. At its last report it held $110.4 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1990
This bank failed
- Failed on
- Nov 9, 1990
- Assets
- $110M
- Deposits
- $101M
- Estimated cost
- $12.3M
- Deposits went to
- payout
Total assets
$110M
-10.2% in a year · +10.7% in a quarter
Deposits
$101M
-0.9% in a year · +12.8% in a quarter
Loans
$51.3M
-16.6% in a year · -1.0% in a quarter
Profit so far
-$1.7M
Jan 1 to Sep 30, 1990
Capital ratio
-3.27%
-4.54 pts in a year
Return on assets
-2.03%
-0.88 pts in a year
Facts
- Type
- National bank
- Head office
- 275 West 125th Street, New York City, NY, 10027
- County
- New York
- Established
- Dec 21, 1964
- Failed
- Nov 9, 1990
- Employees
- 101
- Id
- b19316
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 Freedom National Bank of New York?
$110.4 million in total assets and $101.0 million in deposits as of September 30, 1990, with assets down 10.2% from a year before. Its loans were $51.3 million.
Is Freedom National Bank of New York profitable?
No: it lost $1.67 million from January 1 to September 30, 1990. Its return on assets was -2.03% a year; about 1% is typical.
When did Freedom National Bank of New York fail?
Nov 9, 1990. The estimated cost of the failure was $12.3 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.