The Graveyard › Banks › 1990
Gold Coast Savings Bank
Plantation, FL · failed October 19, 1990 · FDIC certificate 32255
Gold Coast Savings Bank of Plantation, FL failed on October 19, 1990. It opened on November 8, 1984, 5 years before. At its last report before that it held $151.7 million in assets and $141.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $192.6 million. The FDIC estimates that the Resolution Trust Corporation lost $46.9 million on it.
1984-121990-09
Assets at the end$151.7 millionlast report before October 19, 1990
Deposits at the end$141.8 million
Estimated loss to the fund$46.9 millionRTC
Largest in the quarterly reports$192.6 millionJune 30, 1989
Equity to assets-3.2%September 30, 1990
Loans not being repaid14.3%noncurrent, September 30, 1990
Return on assets-6.27%a year's rate, September 30, 1990
Staff60full time, September 30, 1990
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.