The Graveyard › Banks › 1991

Federal Finance & Mortgage, Ltd.

Honolulu, HI · failed December 13, 1991 · FDIC certificate 26241

Federal Finance & Mortgage, Ltd. of Honolulu, HI failed on December 13, 1991. It opened in 1956, 35 years before. At its last report before that it held $7.7 million in assets and $7.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $13.3 million. The FDIC estimates that the Bank Insurance Fund lost $877,653 on it.

1985-061991-09

Assets at the end$7.7 millionlast report before December 13, 1991

Deposits at the end$7.4 million

Estimated loss to the fund$877,653BIF

Largest in the quarterly reports$13.3 millionSeptember 30, 1989

Equity to assets2.7%September 30, 1991

Loans not being repaid28.8%noncurrent, September 30, 1991

Return on assets-6.59%a year's rate, September 30, 1991

Staff6full time, September 30, 1991

On the FDIC's list: FEDERAL FINANCE & MORTGAGE, LTD.

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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.