The Graveyard › Banks › 1991
Home Fs & La, FA
Algona, IA · failed April 26, 1991 · FDIC certificate 29588
Home Fs & La, FA of Algona, IA failed on April 26, 1991. It opened on December 1, 1935, 55 years before. At its last report before that it held $134.3 million in assets and $116.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $177.0 million. The FDIC estimates that the Resolution Trust Corporation lost $4,123 on it.
1984-031991-03
Assets at the end$134.3 millionlast report before April 26, 1991
Deposits at the end$116.9 million
Estimated loss to the fund$4,123RTC
Largest in the quarterly reports$177.0 millionJune 30, 1986
Equity to assets-1.6%March 31, 1991
Loans not being repaid1.5%noncurrent, March 31, 1991
Return on assets0.56%a year's rate, March 31, 1991
Staff54full time, March 31, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.