The Graveyard › Banks › 1990
First American Federal Savings
Fort Smith, AR · failed May 25, 1990 · FDIC certificate 27980
First American Federal Savings of Fort Smith, AR failed on May 25, 1990. It opened in 1920, 70 years before. At its last report before that it held $450.7 million in assets and $444.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $523.7 million. The FDIC estimates that the Resolution Trust Corporation lost $45.2 million on it.
1984-031990-03
Assets at the end$450.7 millionlast report before May 25, 1990
Deposits at the end$444.2 million
Estimated loss to the fund$45.2 millionRTC
Largest in the quarterly reports$523.7 millionDecember 31, 1987
Equity to assets-2.6%March 31, 1990
Loans not being repaid2.6%noncurrent, March 31, 1990
Return on assets-0.32%a year's rate, March 31, 1990
Staff188full time, March 31, 1990
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.