The Graveyard › Banks › 1990
Louisiana Federal Savings Bank
Kenner, LA · failed November 9, 1990 · FDIC certificate 32234
Louisiana Federal Savings Bank of Kenner, LA failed on November 9, 1990. It opened on August 10, 1984, 6 years before. At its last report before that it held $58.8 million in assets and $50.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $69.6 million. The FDIC estimates that the Resolution Trust Corporation lost $9.5 million on it.
1984-091990-09
Assets at the end$58.8 millionlast report before November 9, 1990
Deposits at the end$50.5 million
Estimated loss to the fund$9.5 millionRTC
Largest in the quarterly reports$69.6 millionJune 30, 1989
Equity to assets0.1%September 30, 1990
Loans not being repaid6.7%noncurrent, September 30, 1990
Return on assets-2.13%a year's rate, September 30, 1990
Staff19full time, September 30, 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.