The Graveyard › Banks › 1990
Gem City Fs & La
Quincy, IL · failed January 18, 1990 · FDIC certificate 28830
Gem City Fs & La of Quincy, IL failed on January 18, 1990. It opened in 1889, 101 years before. At its last report before that it held $290.4 million in assets and $232.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $330.3 million. The FDIC estimates that the Resolution Trust Corporation lost $11.6 million on it.
1984-031989-12
Assets at the end$290.4 millionlast report before January 18, 1990
Deposits at the end$232.9 million
Estimated loss to the fund$11.6 millionRTC
Largest in the quarterly reports$330.3 millionDecember 31, 1984
Equity to assets-1.3%December 31, 1989
Loans not being repaid3.8%noncurrent, December 31, 1989
Return on assets-2.95%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.