The Graveyard › Banks › 1990
Desoto Fs & La
Mansfield, LA · failed November 2, 1990 · FDIC certificate 28719
Desoto Fs & La of Mansfield, LA failed on November 2, 1990. It opened on December 1, 1933, 56 years before. At its last report before that it held $63.9 million in assets and $63.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $75.4 million. The FDIC estimates that the Resolution Trust Corporation lost $8.5 million on it.
1984-031990-09
Assets at the end$63.9 millionlast report before November 2, 1990
Deposits at the end$63.1 million
Estimated loss to the fund$8.5 millionRTC
Largest in the quarterly reports$75.4 millionSeptember 30, 1988
Equity to assets0.1%September 30, 1990
Loans not being repaid2.2%noncurrent, September 30, 1990
Return on assets-0.73%a year's rate, September 30, 1990
Staff26full 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.