The East Coast was flooded by a wave of new bank charters in the late 1980s and early 1990s. But for all the fanfare that accompanied the new institutions, a study has found that most are just limping along - and a number are still losing money.

Of the 196 banks established from 1984 to 1992 in 10 states and the District of Columbia, 26 have reported an average loss of $832,000 in the four quarters ended March 31. On average, the group lost $1.51 for each $100 of assets, and one institution - Reliance Bank, White Plains, N.Y. - lost a stunning $12.98 on assets.

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