The Graveyard › Banks › 1990

Commonwealth Savings Association

New Orleans, LA · failed July 20, 1990 · FDIC certificate 29865

Commonwealth Savings Association of New Orleans, LA failed on July 20, 1990. It opened on March 1, 1937, 53 years before. At its last report before that it held $44.0 million in assets and $44.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $57.5 million. The FDIC estimates that the Resolution Trust Corporation lost $19.1 million on it.

1984-031990-06

Assets at the end$44.0 millionlast report before July 20, 1990

Deposits at the end$44.3 million

Estimated loss to the fund$19.1 millionRTC

Largest in the quarterly reports$57.5 millionJune 30, 1985

Equity to assets-8.0%June 30, 1990

Loans not being repaid11.8%noncurrent, June 30, 1990

Return on assets-18.28%a year's rate, June 30, 1990

Staff17full time, June 30, 1990

On the FDIC's list: COMMONWEALTH SAVINGS ASSOC..

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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.