The Graveyard › Banks › 1990
Great West Federal Savings Bank
Craig, CO · failed May 11, 1990 · FDIC certificate 32576
Great West Federal Savings Bank of Craig, CO failed on May 11, 1990. It opened on March 3, 1988, 2 years before. At its last report before that it held $28.1 million in assets and $31.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $40.5 million. The FDIC estimates that the Resolution Trust Corporation lost $4.9 million on it.
1988-031990-03
Assets at the end$28.1 millionlast report before May 11, 1990
Deposits at the end$31.0 million
Estimated loss to the fund$4.9 millionRTC
Largest in the quarterly reports$40.5 millionDecember 31, 1988
Equity to assets-15.8%March 31, 1990
Loans not being repaid23.1%noncurrent, March 31, 1990
Return on assets-49.71%a year's rate, March 31, 1990
Staff21full 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.