The Graveyard › Banks › 1990

Florida Federal Savings Bank

St. Petersburg, FL · failed November 9, 1990 · FDIC certificate 28608

Florida Federal Savings Bank of St. Petersburg, FL failed on November 9, 1990. It opened on October 1, 1933, 57 years before. At its last report before that it held $4.1 billion in assets and $2.3 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $5.5 billion. The FDIC estimates that the Resolution Trust Corporation lost $393.6 million on it.

1984-031990-09

Assets at the end$4.1 billionlast report before November 9, 1990

Deposits at the end$2.3 billion

Estimated loss to the fund$393.6 millionRTC

Largest in the quarterly reports$5.5 billionDecember 31, 1987

Equity to assets-1.8%September 30, 1990

Loans not being repaid10.2%noncurrent, September 30, 1990

Return on assets-2.24%a year's rate, September 30, 1990

Staff1,367full time, September 30, 1990

Take today's blind test

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.