$226M
total assets, June 30, 1990
Mainstay Federal Savings Bank was a savings bank in Red Bank, NJ. It failed on Jul 20, 1990, and Bankers Savings took over its deposits. At its last report it held $226.1 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1990
This bank failed
- Failed on
- Jul 20, 1990
- Assets
- $226M
- Deposits
- $166M
- Estimated cost
- $52.5M
- Deposits went to
- Bankers Savings, Perth Amboy, NJ
Total assets
$226M
+2.8% in a year · -2.0% in a quarter
Deposits
$166M
+11.2% in a year · -4.1% in a quarter
Loans
$175M
+4.9% in a year · -0.8% in a quarter
Profit so far
-$2.9M
Jan 1 to Jun 30, 1990 · -2225.5% in a year
Capital ratio
2.49%
+2.49 pts in a year
Return on assets
-2.54%
-2.66 pts in a year
Facts
- Type
- Savings bank
- Head office
- 36 Monmouth St, Red Bank, NJ, 07701
- County
- Monmouth
- Established
- Jan 1, 1923
- Failed
- Jul 20, 1990
- Employees
- 30
- Id
- b30140
Quarter by quarter
March 31, 1984 to June 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 Mainstay Federal Savings Bank?
$226.1 million in total assets and $165.9 million in deposits as of June 30, 1990, with assets up 2.8% from a year before. Its loans were $174.9 million.
Is Mainstay Federal Savings Bank profitable?
No: it lost $2.91 million from January 1 to June 30, 1990. Its return on assets was -2.54% a year; about 1% is typical.
When did Mainstay Federal Savings Bank fail?
Jul 20, 1990. Bankers Savings of Perth Amboy, NJ took over its deposits. The estimated cost of the failure was $52.5 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.