The Graveyard › Banks › 1991
First Federal Savings of Toledo
Toledo, OH · failed February 1, 1991 · FDIC certificate 29422
First Federal Savings of Toledo of Toledo, OH failed on February 1, 1991. It opened on April 26, 1935, 55 years before. At its last report before that it held $1.0 billion in assets and $1.0 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $1.4 billion. The FDIC estimates that the Resolution Trust Corporation lost $38.4 million on it.
1984-031990-12
Assets at the end$1.0 billionlast report before February 1, 1991
Deposits at the end$1.0 billion
Estimated loss to the fund$38.4 millionRTC
Largest in the quarterly reports$1.4 billionMarch 31, 1988
Equity to assets0.2%December 31, 1990
Loans not being repaid8.4%noncurrent, December 31, 1990
Return on assets-2.17%a year's rate, December 31, 1990
Staff350full time, December 31, 1990
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.