The Graveyard › Banks › 1990
Comfed Savings Bank
Lowell, MA · failed December 14, 1990 · FDIC certificate 29457
Comfed Savings Bank of Lowell, MA failed on December 14, 1990. It opened in 1892, 98 years before. At its last report before that it held $1.4 billion in assets and $931.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $1.7 billion. The FDIC estimates that the Resolution Trust Corporation lost $321.3 million on it.
1984-031990-09
Assets at the end$1.4 billionlast report before December 14, 1990
Deposits at the end$931.9 million
Estimated loss to the fund$321.3 millionRTC
Largest in the quarterly reports$1.7 billionDecember 31, 1988
Equity to assets-2.1%September 30, 1990
Loans not being repaid21.3%noncurrent, September 30, 1990
Return on assets-9.30%a year's rate, September 30, 1990
Staff540full time, September 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.