The Graveyard › Banks › 1991
Ludington FSB
Ludington, MI · failed May 17, 1991 · FDIC certificate 29795
Ludington FSB of Ludington, MI failed on May 17, 1991. It opened on October 1, 1936, 54 years before. At its last report before that it held $34.2 million in assets and $33.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $37.6 million. The FDIC estimates that the Resolution Trust Corporation lost $806,591 on it.
1984-031991-03
Assets at the end$34.2 millionlast report before May 17, 1991
Deposits at the end$33.7 million
Estimated loss to the fund$806,591RTC
Largest in the quarterly reports$37.6 millionJune 30, 1990
Equity to assets-1.8%March 31, 1991
Loans not being repaid2.7%noncurrent, March 31, 1991
Return on assets0.40%a year's rate, March 31, 1991
Staff18full time, March 31, 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.