The Graveyard › Banks › 1990
Ambassador Fs & La
Tamarac, FL · failed August 24, 1990 · FDIC certificate 32220
Ambassador Fs & La of Tamarac, FL failed on August 24, 1990. It opened on June 5, 1984, 6 years before. At its last report before that it held $184.1 million in assets and $162.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $258.6 million. The FDIC estimates that the Resolution Trust Corporation lost $52.1 million on it.
1984-091990-06
Assets at the end$184.1 millionlast report before August 24, 1990
Deposits at the end$162.0 million
Estimated loss to the fund$52.1 millionRTC
Largest in the quarterly reports$258.6 millionJune 30, 1989
Equity to assets-3.5%June 30, 1990
Loans not being repaid11.4%noncurrent, June 30, 1990
Return on assets-5.20%a year's rate, June 30, 1990
Staff78full time, June 30, 1990
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.