The Graveyard › Banks › 1990
Abq Bank, A FSB
Albuquerque, NM · failed February 9, 1990 · FDIC certificate 29127
Abq Bank, A FSB of Albuquerque, NM failed on February 9, 1990. It opened on September 1, 1934, 55 years before. At its last report before that it held $2.0 billion in assets and $1.5 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $2.4 billion. The FDIC estimates that the Resolution Trust Corporation lost $434.1 million on it.
1984-031989-12
Assets at the end$2.0 billionlast report before February 9, 1990
Deposits at the end$1.5 billion
Estimated loss to the fund$434.1 millionRTC
Largest in the quarterly reports$2.4 billionJune 30, 1987
Equity to assets-4.6%December 31, 1989
Loans not being repaid17.2%noncurrent, December 31, 1989
Return on assets-7.10%a year's rate, December 31, 1989
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.