The Graveyard › Banks › 1990
El Paso Federal Savings
El Paso, TX · failed September 7, 1990 · FDIC certificate 27667
El Paso Federal Savings of El Paso, TX failed on September 7, 1990. It opened in 1929, 61 years before. At its last report before that it held $433.1 million in assets and $370.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $523.9 million. The FDIC estimates that the Resolution Trust Corporation lost $142.5 million on it.
1984-031990-06
Assets at the end$433.1 millionlast report before September 7, 1990
Deposits at the end$370.4 million
Estimated loss to the fund$142.5 millionRTC
Largest in the quarterly reports$523.9 millionSeptember 30, 1989
Equity to assets-1.7%June 30, 1990
Loans not being repaid9.0%noncurrent, June 30, 1990
Return on assets-12.56%a year's rate, June 30, 1990
Staff97full time, June 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.