The Graveyard › Banks › 1990
Heritage Savings Bank, FSB
Richmond, VA · failed October 19, 1990 · FDIC certificate 31518
Heritage Savings Bank, FSB of Richmond, VA failed on October 19, 1990. It opened in 1965, 25 years before. At its last report before that it held $888.8 million in assets and $726.2 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $124.2 million on it.
1984-031990-09
Assets at the end$888.8 millionlast report before October 19, 1990
Deposits at the end$726.2 million
Estimated loss to the fund$124.2 millionRTC
Largest in the quarterly reports$888.8 millionSeptember 30, 1990
Equity to assets0.7%September 30, 1990
Loans not being repaid5.3%noncurrent, September 30, 1990
Return on assets0.59%a year's rate, September 30, 1990
Staff151full time, September 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.