The Graveyard › Banks › 1990
Charter Bank, A FSB
Hattiesburg, MS · failed July 20, 1990 · FDIC certificate 32208
Charter Bank, A FSB of Hattiesburg, MS failed on July 20, 1990. It opened on April 16, 1984, 6 years before. At its last report before that it held $130.8 million in assets and $68.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $150.9 million. The FDIC estimates that the Resolution Trust Corporation lost $22.6 million on it.
1984-061990-06
Assets at the end$130.8 millionlast report before July 20, 1990
Deposits at the end$68.9 million
Estimated loss to the fund$22.6 millionRTC
Largest in the quarterly reports$150.9 millionSeptember 30, 1988
Equity to assets-4.0%June 30, 1990
Loans not being repaid13.3%noncurrent, June 30, 1990
Return on assets-0.78%a year's rate, June 30, 1990
Staff30full time, June 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.