The Graveyard › Banks › 1990
Financial Fs & La
Fresno, CA · failed January 11, 1990 · FDIC certificate 32342
Financial Fs & La of Fresno, CA failed on January 11, 1990. It opened on June 24, 1985, 4 years before. At its last report before that it held $31.2 million in assets and $33.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $96.7 million. The FDIC estimates that the Resolution Trust Corporation lost $3.1 million on it.
1985-061989-12
Assets at the end$31.2 millionlast report before January 11, 1990
Deposits at the end$33.8 million
Estimated loss to the fund$3.1 millionRTC
Largest in the quarterly reports$96.7 millionJune 30, 1988
Equity to assets-9.7%December 31, 1989
Loans not being repaid2.1%noncurrent, December 31, 1989
Return on assets-11.82%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
- 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.