The Graveyard › Banks › 1990
Home Federal
Worcester, MA · failed June 8, 1990 · FDIC certificate 30390
Home Federal of Worcester, MA failed on June 8, 1990. It opened in 1912, 78 years before. At its last report before that it held $235.8 million in assets and $243.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $302.7 million. The FDIC estimates that the Resolution Trust Corporation lost $139.5 million on it.
1984-031990-03
Assets at the end$235.8 millionlast report before June 8, 1990
Deposits at the end$243.5 million
Estimated loss to the fund$139.5 millionRTC
Largest in the quarterly reports$302.7 millionJune 30, 1987
Equity to assets-5.0%March 31, 1990
Loans not being repaid41.5%noncurrent, March 31, 1990
Return on assets-7.06%a year's rate, March 31, 1990
Staff93full 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.