The Graveyard › Banks › 1990
Heritage Fsa
Lamar, CO · failed April 20, 1990 · FDIC certificate 30301
Heritage Fsa of Lamar, CO failed on April 20, 1990. It opened in 1901, 89 years before. At its last report before that it held $45.9 million in assets and $44.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $63.4 million. The FDIC estimates that the Resolution Trust Corporation lost $8.2 million on it.
1984-031990-03
Assets at the end$45.9 millionlast report before April 20, 1990
Deposits at the end$44.3 million
Estimated loss to the fund$8.2 millionRTC
Largest in the quarterly reports$63.4 millionSeptember 30, 1986
Equity to assets-4.5%March 31, 1990
Loans not being repaid4.5%noncurrent, March 31, 1990
Return on assets-1.07%a year's rate, March 31, 1990
Staff27full 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.