The Graveyard › Banks › 1990
Empire of America FSB
Buffalo, NY · failed January 24, 1990 · FDIC certificate 30321
Empire of America FSB of Buffalo, NY failed on January 24, 1990. It opened on June 27, 1947, 42 years before. At its last report before that it held $8.2 billion in assets and $8.0 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $11.6 billion. The FDIC estimates that the Resolution Trust Corporation lost $1.2 billion on it.
1984-031989-12
Assets at the end$8.2 billionlast report before January 24, 1990
Deposits at the end$8.0 billion
Estimated loss to the fund$1.2 billionRTC
Largest in the quarterly reports$11.6 billionSeptember 30, 1988
Equity to assets-11.6%December 31, 1989
Loans not being repaid3.4%noncurrent, December 31, 1989
Return on assets-10.55%a year's rate, December 31, 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
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 billion in assets
- Atlantic Financial Savings · Bala Cynwyd, PA · $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.