The Graveyard › Banks › 1990
Centrust Bank, SB
Miami, FL · failed February 2, 1990 · FDIC certificate 29000
Centrust Bank, SB of Miami, FL failed on February 2, 1990. It opened on July 1, 1934, 55 years before. At its last report before that it held $8.2 billion in assets and $5.9 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $10.2 billion. The FDIC estimates that the Resolution Trust Corporation lost $672.2 million on it.
1984-031989-12
Assets at the end$8.2 billionlast report before February 2, 1990
Deposits at the end$5.9 billion
Estimated loss to the fund$672.2 millionRTC
Largest in the quarterly reports$10.2 billionMarch 31, 1989
Equity to assets2.2%December 31, 1989
Loans not being repaid2.5%noncurrent, December 31, 1989
Return on assets-1.61%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
- 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
- Atlantic Financial Savings · Bala Cynwyd, PA · $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.