The Graveyard › Banks › 1990
First American Savings Bank, FSB
Santa Fe, NM · failed August 31, 1990 · FDIC certificate 32070
First American Savings Bank, FSB of Santa Fe, NM failed on August 31, 1990. It opened in 1979, 11 years before. At its last report before that it held $123.6 million in assets and $108.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $166.4 million. The FDIC estimates that the Resolution Trust Corporation lost $57.4 million on it.
1984-031990-06
Assets at the end$123.6 millionlast report before August 31, 1990
Deposits at the end$108.9 million
Estimated loss to the fund$57.4 millionRTC
Largest in the quarterly reports$166.4 millionJune 30, 1988
Equity to assets-4.0%June 30, 1990
Loans not being repaid36.8%noncurrent, June 30, 1990
Return on assets-8.83%a year's rate, June 30, 1990
Staff15full time, June 30, 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.