The Graveyard › Banks › 1991
First Fs & La
Pontiac, MI · failed October 16, 1991 · FDIC certificate 29342
First Fs & La of Pontiac, MI failed on October 16, 1991. It opened in 1934, 57 years before. At its last report before that it held $917.0 million in assets and $558.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $1.5 billion. The FDIC estimates that the Resolution Trust Corporation lost $34.3 million on it.
1984-031991-09
Assets at the end$917.0 millionlast report before October 16, 1991
Deposits at the end$558.6 million
Estimated loss to the fund$34.3 millionRTC
Largest in the quarterly reports$1.5 billionMarch 31, 1989
Equity to assets0.8%September 30, 1991
Loans not being repaid10.0%noncurrent, September 30, 1991
Return on assets-1.21%a year's rate, September 30, 1991
Staff325full 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.