The Graveyard › Banks › 1991
First Federal Savings
Lubbock, TX · failed October 11, 1991 · FDIC certificate 29191
First Federal Savings of Lubbock, TX failed on October 11, 1991. It opened on October 1, 1934, 57 years before. At its last report before that it held $223.7 million in assets and $222.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $267.0 million. The FDIC estimates that the Resolution Trust Corporation lost $5.2 million on it.
1984-031991-09
Assets at the end$223.7 millionlast report before October 11, 1991
Deposits at the end$222.5 million
Estimated loss to the fund$5.2 millionRTC
Largest in the quarterly reports$267.0 millionDecember 31, 1986
Equity to assets0.2%September 30, 1991
Loans not being repaid2.9%noncurrent, September 30, 1991
Return on assets0.22%a year's rate, September 30, 1991
Staff95full time, September 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.