The Graveyard › Banks › 1990
First Savings & Loan
Massilon, OH · failed April 20, 1990 · FDIC certificate 28307
First Savings & Loan of Massilon, OH failed on April 20, 1990. It opened in 1888, 102 years before. At its last report before that it held $168.2 million in assets and $157.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $206.8 million. The FDIC estimates that the Resolution Trust Corporation lost $14.4 million on it.
1984-031990-03
Assets at the end$168.2 millionlast report before April 20, 1990
Deposits at the end$157.9 million
Estimated loss to the fund$14.4 millionRTC
Largest in the quarterly reports$206.8 millionDecember 31, 1986
Equity to assets-2.1%March 31, 1990
Loans not being repaid2.2%noncurrent, March 31, 1990
Return on assets-0.63%a year's rate, March 31, 1990
Staff84full 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.