The Graveyard › Banks › 1990

First Federal Savings Assoc./Bluefield

Bluefield, WV · failed February 23, 1990 · FDIC certificate 28176

First Federal Savings Assoc./Bluefield of Bluefield, WV failed on February 23, 1990. It opened in 1924, 66 years before. At its last report before that it held $39.3 million in assets and $33.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $45.3 million. The FDIC estimates that the Resolution Trust Corporation lost $2.6 million on it.

1984-031989-12

Assets at the end$39.3 millionlast report before February 23, 1990

Deposits at the end$33.2 million

Estimated loss to the fund$2.6 millionRTC

Largest in the quarterly reports$45.3 millionSeptember 30, 1986

Equity to assets1.5%December 31, 1989

Loans not being repaid3.9%noncurrent, December 31, 1989

Return on assets-1.81%a year's rate, December 31, 1989

On the FDIC's list: FIRST FEDERAL SAV. ASSOC./BLUEFIELD.

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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.