The Graveyard › Banks › 1990
Grand Prairie Fs & La
Stuttgart, AR · failed January 26, 1990 · FDIC certificate 31991
Grand Prairie Fs & La of Stuttgart, AR failed on January 26, 1990. It opened in 1977, 13 years before. At its last report before that it held $31.5 million in assets and $24.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $35.5 million. The FDIC estimates that the Resolution Trust Corporation lost $14.2 million on it.
1984-031989-12
Assets at the end$31.5 millionlast report before January 26, 1990
Deposits at the end$24.8 million
Estimated loss to the fund$14.2 millionRTC
Largest in the quarterly reports$35.5 millionSeptember 30, 1988
Equity to assets3.0%December 31, 1989
Loans not being repaid19.2%noncurrent, December 31, 1989
Return on assets1.04%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.