The Graveyard › Banks › 1990
Creditbank
Cutler Ridge, FL · failed January 26, 1990 · FDIC certificate 19273
Creditbank of Cutler Ridge, FL failed on January 26, 1990. It opened on October 29, 1964, 25 years before. At its last report before that it held $76.4 million in assets and $74.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $101.3 million. The FDIC estimates that the Bank Insurance Fund lost $15.7 million on it.
1984-031989-09
Assets at the end$76.4 millionlast report before January 26, 1990
Deposits at the end$74.1 million
Estimated loss to the fund$15.7 millionBIF
Largest in the quarterly reports$101.3 millionJune 30, 1987
Equity to assets1.2%September 30, 1989
Loans not being repaid42.3%noncurrent, September 30, 1989
Return on assets-4.62%a year's rate, September 30, 1989
Staff49full time, September 30, 1989
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.