The Graveyard › Banks › 1990
Charter Savings Bank
Newport, CA · failed June 15, 1990 · FDIC certificate 31924
Charter Savings Bank of Newport, CA failed on June 15, 1990. It opened on March 23, 1978, 12 years before. At its last report before that it held $313.9 million in assets and $280.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $458.8 million. The FDIC estimates that the Resolution Trust Corporation lost $9.8 million on it.
1984-031990-03
Assets at the end$313.9 millionlast report before June 15, 1990
Deposits at the end$280.4 million
Estimated loss to the fund$9.8 millionRTC
Largest in the quarterly reports$458.8 millionMarch 31, 1989
Equity to assets3.5%March 31, 1990
Loans not being repaid1.5%noncurrent, March 31, 1990
Return on assets-0.89%a year's rate, March 31, 1990
Staff59full time, March 31, 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.