The Graveyard › Banks › 1990
Eliot Savings Bank
Boston, MA · failed June 29, 1990 · FDIC certificate 22320
Eliot Savings Bank of Boston, MA failed on June 29, 1990. It opened on April 13, 1864, 126 years before. At its last report before that it held $479.5 million in assets and $468.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $548.7 million. The FDIC estimates that the Bank Insurance Fund lost $212.3 million on it.
1984-031990-03
Assets at the end$479.5 millionlast report before June 29, 1990
Deposits at the end$468.0 million
Estimated loss to the fund$212.3 millionBIF
Largest in the quarterly reports$548.7 millionMarch 31, 1989
Equity to assets-4.1%March 31, 1990
Loans not being repaid33.1%noncurrent, March 31, 1990
Return on assets-4.43%a year's rate, March 31, 1990
Staff98full time, March 31, 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.