The Graveyard › Banks › 1991
First Federal Savings
Beaumont, TX · failed September 27, 1991 · FDIC certificate 27633
First Federal Savings of Beaumont, TX failed on September 27, 1991. It opened in 1922, 69 years before. At its last report before that it held $251.2 million in assets and $251.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $300.3 million. The FDIC estimates that the Resolution Trust Corporation lost $24.9 million on it.
1984-031991-06
Assets at the end$251.2 millionlast report before September 27, 1991
Deposits at the end$251.7 million
Estimated loss to the fund$24.9 millionRTC
Largest in the quarterly reports$300.3 millionJune 30, 1985
Equity to assets-1.1%June 30, 1991
Loans not being repaid1.9%noncurrent, June 30, 1991
Return on assets-2.41%a year's rate, June 30, 1991
Staff108full time, June 30, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.