The Graveyard › Banks › 1990
First Central Federal Savings Bank
Chariton, IA · failed January 4, 1990 · FDIC certificate 30034
First Central Federal Savings Bank of Chariton, IA failed on January 4, 1990. It opened on May 1, 1938, 51 years before. At its last report before that it held $112.8 million in assets and $104.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $140.7 million. The FDIC estimates that the Resolution Trust Corporation lost $372,113 on it.
1984-031989-12
Assets at the end$112.8 millionlast report before January 4, 1990
Deposits at the end$104.9 million
Estimated loss to the fund$372,113RTC
Largest in the quarterly reports$140.7 millionJune 30, 1987
Equity to assets-0.6%December 31, 1989
Loans not being repaid3.0%noncurrent, December 31, 1989
Return on assets-0.90%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.