The Graveyard › Banks › 1990
Boundary Waters State Bank
Ely, MN · failed November 30, 1990 · FDIC certificate 22690
Boundary Waters State Bank of Ely, MN failed on November 30, 1990. It opened on August 1, 1978, 12 years before. At its last report before that it held $13.4 million in assets and $13.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $14.2 million. The FDIC estimates that the Bank Insurance Fund lost $1.5 million on it.
1984-031990-09
Assets at the end$13.4 millionlast report before November 30, 1990
Deposits at the end$13.4 million
Estimated loss to the fund$1.5 millionBIF
Largest in the quarterly reports$14.2 millionSeptember 30, 1986
Equity to assets-0.8%September 30, 1990
Loans not being repaid0.6%noncurrent, September 30, 1990
Return on assets0.40%a year's rate, September 30, 1990
Staff14full time, September 30, 1990
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.