The Graveyard › Banks › 1991

Beach Federal Savings Association

Fountain Valley, CA · failed January 18, 1991 · FDIC certificate 32332

Beach Federal Savings Association of Fountain Valley, CA failed on January 18, 1991. It opened on June 12, 1985, 5 years before. At its last report before that it held $81.8 million in assets and $80.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $112.8 million. The FDIC estimates that the Resolution Trust Corporation lost $110,179 on it.

1985-061990-12

Assets at the end$81.8 millionlast report before January 18, 1991

Deposits at the end$80.7 million

Estimated loss to the fund$110,179RTC

Largest in the quarterly reports$112.8 millionDecember 31, 1989

Equity to assets0.4%December 31, 1990

Loans not being repaid8.3%noncurrent, December 31, 1990

Return on assets-7.24%a year's rate, December 31, 1990

Staff13full time, December 31, 1990

On the FDIC's list: BEACH FEDERAL SAVINGS ASSOC..

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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.