The Graveyard › Banks › 1991
First American FSB
Tucson, AZ · failed August 16, 1991 · FDIC certificate 32249
First American FSB of Tucson, AZ failed on August 16, 1991. It opened on October 22, 1984, 6 years before. At its last report before that it held $145.0 million in assets and $130.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $167.3 million. The FDIC estimates that the Resolution Trust Corporation lost $11.2 million on it.
1984-121991-06
Assets at the end$145.0 millionlast report before August 16, 1991
Deposits at the end$130.3 million
Estimated loss to the fund$11.2 millionRTC
Largest in the quarterly reports$167.3 millionMarch 31, 1989
Equity to assets-1.7%June 30, 1991
Loans not being repaid11.6%noncurrent, June 30, 1991
Return on assets0.54%a year's rate, June 30, 1991
Staff35full time, June 30, 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.