The Graveyard › Banks › 1990
Great American Fs & La
Oak Park, IL · failed February 16, 1990 · FDIC certificate 28911
Great American Fs & La of Oak Park, IL failed on February 16, 1990. It opened on May 1, 1934, 55 years before. At its last report before that it held $1.0 billion in assets and $736.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $1.1 billion. The FDIC estimates that the Resolution Trust Corporation lost $10.5 million on it.
1984-031989-12
Assets at the end$1.0 billionlast report before February 16, 1990
Deposits at the end$736.4 million
Estimated loss to the fund$10.5 millionRTC
Largest in the quarterly reports$1.1 billionDecember 31, 1984
Equity to assets1.4%December 31, 1989
Loans not being repaid2.7%noncurrent, December 31, 1989
Return on assets-0.66%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.