The Graveyard › Banks › 1990
Certified Fsa
Georgetown, TX · failed January 11, 1990 · FDIC certificate 29803
Certified Fsa of Georgetown, TX failed on January 11, 1990. It opened in 1910, 80 years before. At its last report before that it held $118.9 million in assets and $91.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $154.0 million. The FDIC estimates that the Resolution Trust Corporation lost $58.1 million on it.
1984-031989-12
Assets at the end$118.9 millionlast report before January 11, 1990
Deposits at the end$91.4 million
Estimated loss to the fund$58.1 millionRTC
Largest in the quarterly reports$154.0 millionDecember 31, 1986
Equity to assets-14.2%December 31, 1989
Loans not being repaid24.5%noncurrent, December 31, 1989
Return on assets-15.76%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.