The Graveyard › Banks › 1990

Fairmont Federal Savings Association

Fairmont, MN · failed February 9, 1990 · FDIC certificate 28205

Fairmont Federal Savings Association of Fairmont, MN failed on February 9, 1990. It opened in 1891, 99 years before. At its last report before that it held $46.0 million in assets and $46.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $64.9 million. The FDIC estimates that the Resolution Trust Corporation lost $1.3 million on it.

1984-031989-12

Assets at the end$46.0 millionlast report before February 9, 1990

Deposits at the end$46.4 million

Estimated loss to the fund$1.3 millionRTC

Largest in the quarterly reports$64.9 millionJune 30, 1984

Equity to assets-5.0%December 31, 1989

Loans not being repaid3.4%noncurrent, December 31, 1989

Return on assets-1.44%a year's rate, December 31, 1989

On the FDIC's list: FAIRMONT FEDERAL SAVINGS ASSOC..

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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.