The Graveyard › Banks › 1990
First Jackson FSB
Jackson, MS · failed June 29, 1990 · FDIC certificate 31640
First Jackson FSB of Jackson, MS failed on June 29, 1990. It opened in 1959, 31 years before. At its last report before that it held $116.5 million in assets and $91.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $124.3 million. The FDIC estimates that the Resolution Trust Corporation lost $22.0 million on it.
1984-031990-03
Assets at the end$116.5 millionlast report before June 29, 1990
Deposits at the end$91.4 million
Estimated loss to the fund$22.0 millionRTC
Largest in the quarterly reports$124.3 millionJune 30, 1988
Equity to assets2.5%March 31, 1990
Loans not being repaid4.3%noncurrent, March 31, 1990
Return on assets-1.53%a year's rate, March 31, 1990
Staff32full 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.