The Graveyard › Banks › 1991
Investors FSB
Richmond, VA · failed December 13, 1991 · FDIC certificate 31724
Investors FSB of Richmond, VA failed on December 13, 1991. It opened in 1973, 18 years before. At its last report before that it held $2.1 billion in assets and $1.4 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $2.4 billion. The FDIC estimates that the Resolution Trust Corporation lost $470.7 million on it.
1984-031991-09
Assets at the end$2.1 billionlast report before December 13, 1991
Deposits at the end$1.4 billion
Estimated loss to the fund$470.7 millionRTC
Largest in the quarterly reports$2.4 billionMarch 31, 1989
Equity to assets1.7%September 30, 1991
Loans not being repaid10.2%noncurrent, September 30, 1991
Return on assets-1.18%a year's rate, September 30, 1991
Staff535full time, September 30, 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.