The Graveyard › Banks › 1990
Great American Fs & La
Corinth, MS · failed March 16, 1990 · FDIC certificate 31828
Great American Fs & La of Corinth, MS failed on March 16, 1990. It opened in 1972, 18 years before. At its last report before that it held $159.2 million in assets and $133.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $182.6 million. The FDIC estimates that the Resolution Trust Corporation lost $29.8 million on it.
1984-031989-12
Assets at the end$159.2 millionlast report before March 16, 1990
Deposits at the end$133.2 million
Estimated loss to the fund$29.8 millionRTC
Largest in the quarterly reports$182.6 millionMarch 31, 1989
Equity to assets0.3%December 31, 1989
Loans not being repaid20.7%noncurrent, December 31, 1989
Return on assets-1.02%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.