The Graveyard › Banks › 1990
First City FSB
Lucedale, MS · failed September 7, 1990 · FDIC certificate 31887
First City FSB of Lucedale, MS failed on September 7, 1990. It opened in 1960, 30 years before. At its last report before that it held $41.7 million in assets and $38.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $49.7 million. The FDIC estimates that the Resolution Trust Corporation lost $9.0 million on it.
1984-031990-06
Assets at the end$41.7 millionlast report before September 7, 1990
Deposits at the end$38.0 million
Estimated loss to the fund$9.0 millionRTC
Largest in the quarterly reports$49.7 millionMarch 31, 1989
Equity to assets1.2%June 30, 1990
Loans not being repaid13.4%noncurrent, June 30, 1990
Return on assets-2.83%a year's rate, June 30, 1990
Staff29full 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.