The Graveyard › Banks › 1991
Coreast FSB
Richmond, VA · failed February 1, 1991 · FDIC certificate 31654
Coreast FSB of Richmond, VA failed on February 1, 1991. It opened in 1972, 19 years before. At its last report before that it held $1.2 billion in assets and $993.2 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $210.8 million on it.
1984-031990-12
Assets at the end$1.2 billionlast report before February 1, 1991
Deposits at the end$993.2 million
Estimated loss to the fund$210.8 millionRTC
Largest in the quarterly reports$1.3 billionSeptember 30, 1989
Equity to assets-1.4%December 31, 1990
Loans not being repaid11.0%noncurrent, December 31, 1990
Return on assets-5.19%a year's rate, December 31, 1990
Staff412full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.