The Graveyard › Banks › 1991
First FSB
Huron, SD · failed March 8, 1991 · FDIC certificate 30960
First FSB of Huron, SD failed on March 8, 1991. It opened on July 3, 1957, 33 years before. At its last report before that it held $51.9 million in assets and $50.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $70.8 million. The FDIC estimates that the Resolution Trust Corporation lost $526,348 on it.
1984-031990-12
Assets at the end$51.9 millionlast report before March 8, 1991
Deposits at the end$50.0 million
Estimated loss to the fund$526,348RTC
Largest in the quarterly reports$70.8 millionJune 30, 1988
Equity to assets1.6%December 31, 1990
Loans not being repaid1.5%noncurrent, December 31, 1990
Return on assets-0.48%a year's rate, December 31, 1990
Staff14full 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.