The Graveyard › Banks › 1990
Freedom SA
Columbus, OH · failed February 16, 1990 · FDIC certificate 27850
Freedom SA of Columbus, OH failed on February 16, 1990. It opened in 1890, 100 years before. At its last report before that it held $360.4 million in assets and $311.9 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $42.7 million on it.
1984-031989-12
Assets at the end$360.4 millionlast report before February 16, 1990
Deposits at the end$311.9 million
Estimated loss to the fund$42.7 millionRTC
Largest in the quarterly reports$374.3 millionSeptember 30, 1988
Equity to assets-5.0%December 31, 1989
Loans not being repaid2.2%noncurrent, December 31, 1989
Return on assets-1.38%a year's rate, December 31, 1989
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.