The Graveyard › Banks › 1990
Jonesboro Federal SA
Jonesboro, LA · failed May 18, 1990 · FDIC certificate 28811
Jonesboro Federal SA of Jonesboro, LA failed on May 18, 1990. It opened in 1933, 57 years before. At its last report before that it held $55.0 million in assets and $54.1 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $18.8 million on it.
1984-031990-03
Assets at the end$55.0 millionlast report before May 18, 1990
Deposits at the end$54.1 million
Estimated loss to the fund$18.8 millionRTC
Largest in the quarterly reports$56.0 millionMarch 31, 1989
Equity to assets-0.3%March 31, 1990
Loans not being repaid9.2%noncurrent, March 31, 1990
Return on assets-0.70%a year's rate, March 31, 1990
Staff19full 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.