The Graveyard › Banks › 1990
Home Owners Savings Bank
Burlington, MA · failed April 27, 1990 · FDIC certificate 29581
Home Owners Savings Bank of Burlington, MA failed on April 27, 1990. It opened in 1910, 80 years before. At its last report before that it held $3.5 billion in assets and $2.7 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $4.0 billion. The FDIC estimates that the Resolution Trust Corporation lost $354.3 million on it.
1984-031990-03
Assets at the end$3.5 billionlast report before April 27, 1990
Deposits at the end$2.7 billion
Estimated loss to the fund$354.3 millionRTC
Largest in the quarterly reports$4.0 billionDecember 31, 1988
Equity to assets0.5%March 31, 1990
Loans not being repaid2.9%noncurrent, March 31, 1990
Return on assets-2.93%a year's rate, March 31, 1990
Staff477full 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.