The Graveyard › Banks › 1990

First Savings Association

Bismark, ND · failed January 26, 1990 · FDIC certificate 28929

First Savings Association of Bismark, ND failed on January 26, 1990. It opened on May 1, 1934, 55 years before. At its last report before that it held $113.4 million in assets and $100.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $216.2 million. The FDIC estimates that the Resolution Trust Corporation lost $16.7 million on it.

1984-031989-12

Assets at the end$113.4 millionlast report before January 26, 1990

Deposits at the end$100.5 million

Estimated loss to the fund$16.7 millionRTC

Largest in the quarterly reports$216.2 millionJune 30, 1984

Equity to assets-6.1%December 31, 1989

Loans not being repaid12.3%noncurrent, December 31, 1989

Return on assets-0.40%a year's rate, December 31, 1989

On the FDIC's list: FIRST SAVINGS ASSOC..

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Also ended in 1990

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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.