The Graveyard › Banks › 1990
Guaranty Savings Bank FSB
Fayetteville, NC · failed July 27, 1990 · FDIC certificate 27788
Guaranty Savings Bank FSB of Fayetteville, NC failed on July 27, 1990. It opened on October 6, 1986, 3 years before. At its last report before that it held $53.9 million in assets and $49.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $72.0 million. The FDIC estimates that the Resolution Trust Corporation lost $8.5 million on it.
1986-121990-06
Assets at the end$53.9 millionlast report before July 27, 1990
Deposits at the end$49.9 million
Estimated loss to the fund$8.5 millionRTC
Largest in the quarterly reports$72.0 millionJune 30, 1989
Equity to assets-4.8%June 30, 1990
Loans not being repaid13.2%noncurrent, June 30, 1990
Return on assets-1.55%a year's rate, June 30, 1990
Staff19full time, June 30, 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.