The Graveyard › Banks › 1991
Bay FSB
West Palm Beach, FL · failed September 6, 1991 · FDIC certificate 32454
Bay FSB of West Palm Beach, FL failed on September 6, 1991. It opened on February 25, 1986, 5 years before. At its last report before that it held $58.1 million in assets and $54.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $68.3 million. The FDIC estimates that the Resolution Trust Corporation lost $12.7 million on it.
1986-031991-06
Assets at the end$58.1 millionlast report before September 6, 1991
Deposits at the end$54.1 million
Estimated loss to the fund$12.7 millionRTC
Largest in the quarterly reports$68.3 millionSeptember 30, 1989
Equity to assets-0.7%June 30, 1991
Loans not being repaid6.2%noncurrent, June 30, 1991
Return on assets0.29%a year's rate, June 30, 1991
Staff28full time, June 30, 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.