The Graveyard › Banks › 1993
Life FSB
Baton Rouge, LA · failed January 29, 1993 · FDIC certificate 33186
Life FSB of Baton Rouge, LA failed on January 29, 1993. It opened on August 17, 1990, 2 years before. At its last report before that it held $16.8 million in assets and $16.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $18.8 million. The FDIC estimates that the Resolution Trust Corporation lost $2.2 million on it.
1990-091992-09
Assets at the end$16.8 millionlast report before January 29, 1993
Deposits at the end$16.5 million
Estimated loss to the fund$2.2 millionRTC
Largest in the quarterly reports$18.8 millionSeptember 30, 1990
Equity to assets1.3%September 30, 1992
Loans not being repaid3.4%noncurrent, September 30, 1992
Return on assets-7.99%a year's rate, September 30, 1992
Staff11full time, September 30, 1992
Also ended in 1993
- Western FSB · Marina Del Ray, CA · $3.8 billion in assets
- Old Stone SB · Providence, RI · $1.8 billion in assets
- New England Savings Bank · New London, CT · $914.9 million in assets
- First National Bank of Vermont · Bradford, VT · $295.8 million in assets
- The Bank of San Diego · San Diego, CA · $294.3 million in assets
- Jefferson National Bank · Watertown, NY · $256.0 million 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.