The Graveyard › Banks › 1991
Amerifirst Federal Savings
Miami, FL · failed March 15, 1991 · FDIC certificate 28683
Amerifirst Federal Savings of Miami, FL failed on March 15, 1991. It opened on December 1, 1933, 57 years before. At its last report before that it held $3.6 billion in assets and $2.9 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $4.7 billion. The FDIC estimates that the Resolution Trust Corporation lost $557.5 million on it.
1984-031990-12
Assets at the end$3.6 billionlast report before March 15, 1991
Deposits at the end$2.9 billion
Estimated loss to the fund$557.5 millionRTC
Largest in the quarterly reports$4.7 billionJune 30, 1989
Equity to assets-2.8%December 31, 1990
Loans not being repaid8.6%noncurrent, December 31, 1990
Return on assets-4.54%a year's rate, December 31, 1990
Staff1,303full 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.