The Graveyard › Banks › 1990
Great Life Fsa
Sunrise, FL · failed June 1, 1990 · FDIC certificate 32323
Great Life Fsa of Sunrise, FL failed on June 1, 1990. It opened on May 22, 1985, 5 years before. At its last report before that it held $42.7 million in assets and $36.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $54.5 million. The FDIC estimates that the Resolution Trust Corporation lost $7.5 million on it.
1985-061990-03
Assets at the end$42.7 millionlast report before June 1, 1990
Deposits at the end$36.3 million
Estimated loss to the fund$7.5 millionRTC
Largest in the quarterly reports$54.5 millionMarch 31, 1989
Equity to assets-2.9%March 31, 1990
Loans not being repaid6.3%noncurrent, March 31, 1990
Return on assets-5.41%a year's rate, March 31, 1990
Staff8full time, March 31, 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.