The Graveyard › Banks › 1990
Guardian Bank
Scottsdale, AZ · failed April 26, 1990 · FDIC certificate 25666
Guardian Bank of Scottsdale, AZ failed on April 26, 1990. It opened on October 5, 1984, 5 years before. At its last report before that it held $25.9 million in assets and $27.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $36.1 million. The FDIC estimates that the Bank Insurance Fund lost $8.4 million on it.
1984-121990-03
Assets at the end$25.9 millionlast report before April 26, 1990
Deposits at the end$27.0 million
Estimated loss to the fund$8.4 millionBIF
Largest in the quarterly reports$36.1 millionDecember 31, 1988
Equity to assets-5.0%March 31, 1990
Loans not being repaid21.0%noncurrent, March 31, 1990
Return on assets-13.86%a year's rate, March 31, 1990
Staff17full 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.