The Graveyard › Banks › 1990
First Fsa
Borger, TX · failed May 18, 1990 · FDIC certificate 30432
First Fsa of Borger, TX failed on May 18, 1990. It opened in 1949, 41 years before. At its last report before that it held $63.2 million in assets and $53.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $78.8 million. The FDIC estimates that the Resolution Trust Corporation lost $16.6 million on it.
1984-031990-03
Assets at the end$63.2 millionlast report before May 18, 1990
Deposits at the end$53.7 million
Estimated loss to the fund$16.6 millionRTC
Largest in the quarterly reports$78.8 millionSeptember 30, 1987
Equity to assets-8.7%March 31, 1990
Loans not being repaid10.7%noncurrent, March 31, 1990
Return on assets-2.80%a year's rate, March 31, 1990
Staff21full time, March 31, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.