The Graveyard › Banks › 1991
First Fs & La
Dallas, GA · failed February 22, 1991 · FDIC certificate 31206
First Fs & La of Dallas, GA failed on February 22, 1991. It opened on September 2, 1960, 30 years before. At its last report before that it held $37.5 million in assets and $36.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $69.4 million. The FDIC estimates that the Resolution Trust Corporation lost $4.1 million on it.
1984-031990-12
Assets at the end$37.5 millionlast report before February 22, 1991
Deposits at the end$36.2 million
Estimated loss to the fund$4.1 millionRTC
Largest in the quarterly reports$69.4 millionSeptember 30, 1987
Equity to assets-2.0%December 31, 1990
Loans not being repaid3.8%noncurrent, December 31, 1990
Return on assets-3.13%a year's rate, December 31, 1990
Staff34full 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.