The Graveyard › Banks › 1990
First America FSB
Longmont, CO · failed March 16, 1990 · FDIC certificate 32330
First America FSB of Longmont, CO failed on March 16, 1990. It opened on June 6, 1985, 4 years before. At its last report before that it held $187.4 million in assets and $146.8 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $41.3 million on it.
1985-091989-12
Assets at the end$187.4 millionlast report before March 16, 1990
Deposits at the end$146.8 million
Estimated loss to the fund$41.3 millionRTC
Largest in the quarterly reports$187.4 millionDecember 31, 1989
Equity to assets0.2%December 31, 1989
Loans not being repaid2.8%noncurrent, December 31, 1989
Return on assets-1.84%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.