The Graveyard › Banks › 1991
Fulton Federal Savings Bank
Atlanta, GA · failed January 4, 1991 · FDIC certificate 28767
Fulton Federal Savings Bank of Atlanta, GA failed on January 4, 1991. It opened in 1933, 58 years before. At its last report before that it held $2.0 billion in assets and $1.4 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $2.6 billion. The FDIC estimates that the Resolution Trust Corporation lost $80.6 million on it.
1984-031990-12
Assets at the end$2.0 billionlast report before January 4, 1991
Deposits at the end$1.4 billion
Estimated loss to the fund$80.6 millionRTC
Largest in the quarterly reports$2.6 billionDecember 31, 1988
Equity to assets-0.9%December 31, 1990
Loans not being repaid5.5%noncurrent, December 31, 1990
Return on assets-1.48%a year's rate, December 31, 1990
Staff458full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.