The Graveyard › Banks › 1990
Atlantic Financial Savings
Bala Cynwyd, PA · failed January 11, 1990 · FDIC certificate 28884
Atlantic Financial Savings of Bala Cynwyd, PA failed on January 11, 1990. It opened in 1871, 119 years before. At its last report before that it held $5.3 billion in assets and $3.7 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $6.8 billion. The FDIC estimates that the Resolution Trust Corporation lost $947.0 million on it.
1984-031989-12
Assets at the end$5.3 billionlast report before January 11, 1990
Deposits at the end$3.7 billion
Estimated loss to the fund$947.0 millionRTC
Largest in the quarterly reports$6.8 billionJune 30, 1987
Equity to assets-6.8%December 31, 1989
Loans not being repaid8.7%noncurrent, December 31, 1989
Return on assets-9.20%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.