The Graveyard › Banks › 1990
First Fsa
Winnfield, LA · failed August 31, 1990 · FDIC certificate 29118
First Fsa of Winnfield, LA failed on August 31, 1990. It opened on August 1, 1934, 56 years before. At its last report before that it held $54.7 million in assets and $51.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $71.1 million. The FDIC estimates that the Resolution Trust Corporation lost $6.3 million on it.
1984-031990-06
Assets at the end$54.7 millionlast report before August 31, 1990
Deposits at the end$51.1 million
Estimated loss to the fund$6.3 millionRTC
Largest in the quarterly reports$71.1 millionJune 30, 1985
Equity to assets-3.1%June 30, 1990
Loans not being repaid3.0%noncurrent, June 30, 1990
Return on assets-1.83%a year's rate, June 30, 1990
Staff14full time, June 30, 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.