The Graveyard › Banks › 1991
First Fs & La of Pittsburg
Pittsburgh, PA · failed January 4, 1991 · FDIC certificate 29161
First Fs & La of Pittsburg of Pittsburgh, PA failed on January 4, 1991. It opened on September 1, 1934, 56 years before. At its last report before that it held $3.1 billion in assets and $2.3 billion in deposits. The FDIC estimates that the Resolution Trust Corporation lost $96.0 million on it.
1984-031990-12
Assets at the end$3.1 billionlast report before January 4, 1991
Deposits at the end$2.3 billion
Estimated loss to the fund$96.0 millionRTC
Largest in the quarterly reports$3.2 billionSeptember 30, 1989
Equity to assets2.0%December 31, 1990
Loans not being repaid1.6%noncurrent, December 31, 1990
Return on assets-1.01%a year's rate, December 31, 1990
Staff750full 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.