The Graveyard › Banks › 1990

Imperial Federal Savings Association

San Diego, CA · failed February 23, 1990 · FDIC certificate 28517

Imperial Federal Savings Association of San Diego, CA failed on February 23, 1990. It opened in 1926, 64 years before. At its last report before that it held $9.6 billion in assets and $6.6 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $12.4 billion. The FDIC estimates that the Resolution Trust Corporation lost $203.1 million on it.

1984-031989-12

Assets at the end$9.6 billionlast report before February 23, 1990

Deposits at the end$6.6 billion

Estimated loss to the fund$203.1 millionRTC

Largest in the quarterly reports$12.4 billionSeptember 30, 1988

Equity to assets-0.2%December 31, 1989

Loans not being repaid4.5%noncurrent, December 31, 1989

Return on assets-2.64%a year's rate, December 31, 1989

On the FDIC's list: IMPERIAL FEDERAL SAVINGS ASSOC..

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Also ended in 1990

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
Atlantic Financial Savings · Bala Cynwyd, PA · $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.