The Graveyard › Banks › 1990
First Fed. Savings Bank & Trust
Independence, MO · failed May 4, 1990 · FDIC certificate 28257
First Fed. Savings Bank & Trust of Independence, MO failed on May 4, 1990. It opened in 1919, 71 years before. At its last report before that it held $25.4 million in assets and $21.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $32.0 million. The FDIC estimates that the Resolution Trust Corporation lost $9.9 million on it.
1984-031990-03
Assets at the end$25.4 millionlast report before May 4, 1990
Deposits at the end$21.1 million
Estimated loss to the fund$9.9 millionRTC
Largest in the quarterly reports$32.0 millionSeptember 30, 1988
Equity to assets-7.4%March 31, 1990
Loans not being repaid39.1%noncurrent, March 31, 1990
Return on assets-6.47%a year's rate, March 31, 1990
Staff14full 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.