The Graveyard › Banks › 1990
Franklin Fsa
Ottawa · failed February 16, 1990 · FDIC certificate 30311
Franklin Fsa of Ottawa failed on February 16, 1990. It opened in 1889, 101 years before. At its last report before that it held $9.3 billion in assets and $4.6 billion in deposits. The FDIC estimates that the Resolution Trust Corporation lost $38.2 million on it.
1984-031989-12
Assets at the end$9.3 billionlast report before February 16, 1990
Deposits at the end$4.6 billion
Estimated loss to the fund$38.2 millionRTC
Largest in the quarterly reports$9.5 billionSeptember 30, 1989
Equity to assets4.2%December 31, 1989
Loans not being repaid13.8%noncurrent, December 31, 1989
Return on assets-0.33%a year's rate, December 31, 1989
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 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
- Atlantic Financial Savings · Bala Cynwyd, PA · $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.