The Graveyard › Banks › 1990
Imperial Bank
Coral Gables, FL · failed March 30, 1990 · FDIC certificate 26469
Imperial Bank of Coral Gables, FL failed on March 30, 1990. It opened on December 16, 1985, 4 years before. At its last report before that it held $23.2 million in assets and $24.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $40.8 million. The FDIC estimates that the Bank Insurance Fund lost $5.1 million on it.
1985-121989-12
Assets at the end$23.2 millionlast report before March 30, 1990
Deposits at the end$24.0 million
Estimated loss to the fund$5.1 millionBIF
Largest in the quarterly reports$40.8 millionMarch 31, 1988
Equity to assets-5.2%December 31, 1989
Loans not being repaid20.3%noncurrent, December 31, 1989
Return on assets-12.86%a year's rate, December 31, 1989
Staff39full time, December 31, 1989
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.