The Graveyard › Banks › 1991
Altus FSB
Mobile, AL · failed May 17, 1991 · FDIC certificate 29002
Altus FSB of Mobile, AL failed on May 17, 1991. It opened on July 1, 1934, 56 years before. At its last report before that it held $2.0 billion in assets and $1.2 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $2.8 billion. The FDIC estimates that the Resolution Trust Corporation lost $71.2 million on it.
1984-031991-03
Assets at the end$2.0 billionlast report before May 17, 1991
Deposits at the end$1.2 billion
Estimated loss to the fund$71.2 millionRTC
Largest in the quarterly reports$2.8 billionJune 30, 1988
Equity to assets2.0%March 31, 1991
Loans not being repaid5.9%noncurrent, March 31, 1991
Return on assets0.35%a year's rate, March 31, 1991
Staff389full time, March 31, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.