The Graveyard › Banks › 1991
Great American Fsa
San Diego, CA · failed August 9, 1991 · FDIC certificate 28041
Great American Fsa of San Diego, CA failed on August 9, 1991. It opened in 1885, 106 years before. At its last report before that it held $9.5 billion in assets and $7.2 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $15.4 billion. The FDIC estimates that the Resolution Trust Corporation lost $995.5 million on it.
1984-031991-06
Assets at the end$9.5 billionlast report before August 9, 1991
Deposits at the end$7.2 billion
Estimated loss to the fund$995.5 millionRTC
Largest in the quarterly reports$15.4 billionJune 30, 1990
Equity to assets0.9%June 30, 1991
Loans not being repaid13.9%noncurrent, June 30, 1991
Return on assets-2.32%a year's rate, June 30, 1991
Staff1,557full time, June 30, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 billion in assets
- Columbia Savings and Loan Association · Beverly Hills, CA · $5.4 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.