The Graveyard › Banks › 1991
American Federal Bank
Ada, OK · failed March 22, 1991 · FDIC certificate 31648
American Federal Bank of Ada, OK failed on March 22, 1991. It opened on May 29, 1973, 17 years before. At its last report before that it held $110.2 million in assets and $90.4 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $44.6 million on it.
1984-031990-12
Assets at the end$110.2 millionlast report before March 22, 1991
Deposits at the end$90.4 million
Estimated loss to the fund$44.6 millionRTC
Largest in the quarterly reports$110.9 millionMarch 31, 1990
Equity to assets3.2%December 31, 1990
Loans not being repaid25.4%noncurrent, December 31, 1990
Return on assets1.29%a year's rate, December 31, 1990
Staff43full time, December 31, 1990
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.