The Graveyard › Banks › 1991
Far West FSB
Portland, OR · failed May 23, 1991 · FDIC certificate 29202
Far West FSB of Portland, OR failed on May 23, 1991. It opened on November 3, 1934, 56 years before. At its last report before that it held $2.1 billion in assets and $1.3 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $3.7 billion. The FDIC estimates that the Resolution Trust Corporation lost $313.6 million on it.
1984-031991-03
Assets at the end$2.1 billionlast report before May 23, 1991
Deposits at the end$1.3 billion
Estimated loss to the fund$313.6 millionRTC
Largest in the quarterly reports$3.7 billionDecember 31, 1989
Equity to assets-11.2%March 31, 1991
Loans not being repaid3.0%noncurrent, March 31, 1991
Return on assets-1.93%a year's rate, March 31, 1991
Staff555full time, March 31, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.