The Graveyard › Banks › 1990
Colony Savings Bank, FSB
Monaca, PA · failed April 5, 1990 · FDIC certificate 27839
Colony Savings Bank, FSB of Monaca, PA failed on April 5, 1990. It opened in 1889, 101 years before. At its last report before that it held $427.5 million in assets and $330.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $628.0 million. The FDIC estimates that the Resolution Trust Corporation lost $82.1 million on it.
1984-031990-03
Assets at the end$427.5 millionlast report before April 5, 1990
Deposits at the end$330.7 million
Estimated loss to the fund$82.1 millionRTC
Largest in the quarterly reports$628.0 millionSeptember 30, 1989
Equity to assets-5.1%March 31, 1990
Loans not being repaid4.8%noncurrent, March 31, 1990
Return on assets-7.30%a year's rate, March 31, 1990
Staff115full 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.