$3.5B
total assets, June 30, 1992
The Howard Savings Bank was a state savings bank in Newark, NJ. It failed on Oct 2, 1992, and First Fidelity Bank Na N took over its deposits. At its last report it held $3.5 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1992
This bank failed
- Failed on
- Oct 2, 1992
- Assets
- $3.5B
- Deposits
- $3.4B
- Estimated cost
- $68.0M
- Deposits went to
- First Fidelity Bank Na N, Newark, NJ
Total assets
$3.5B
-13.7% in a year · -11.5% in a quarter
Deposits
$3.4B
-12.9% in a year · -11.4% in a quarter
Loans
$2.3B
-23.0% in a year · -4.7% in a quarter
Profit so far
-$26.4M
Jan 1 to Jun 30, 1992
Capital ratio
1.57%
-0.91 pts in a year
Return on assets
-1.39%
-0.63 pts in a year
Facts
- Type
- State savings bank
- Head office
- 768 Broad Street, Newark, NJ, 07101
- County
- Essex
- Established
- May 5, 1857
- Failed
- Oct 2, 1992
- Employees
- 1,158
- Id
- b16146
Quarter by quarter
March 31, 1984 to June 30, 1992
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 The Howard Savings Bank?
$3.5 billion in total assets and $3.4 billion in deposits as of June 30, 1992, with assets down 13.7% from a year before. Its loans were $2.3 billion.
Is The Howard Savings Bank profitable?
No: it lost $26.4 million from January 1 to June 30, 1992. Its return on assets was -1.39% a year; about 1% is typical.
When did The Howard Savings Bank fail?
Oct 2, 1992. First Fidelity Bank Na N of Newark, NJ took over its deposits. The estimated cost of the failure was $68.0 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.