The Graveyard › Banks › 1990
Mainstay Federal Savings
Red Bank, NJ · failed July 20, 1990 · FDIC certificate 30140
Mainstay Federal Savings of Red Bank, NJ failed on July 20, 1990. It opened in 1923, 67 years before. At its last report before that it held $226.1 million in assets and $165.9 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $52.5 million on it.
1984-031990-06
Assets at the end$226.1 millionlast report before July 20, 1990
Deposits at the end$165.9 million
Estimated loss to the fund$52.5 millionRTC
Largest in the quarterly reports$232.5 millionDecember 31, 1989
Equity to assets2.8%June 30, 1990
Loans not being repaid14.4%noncurrent, June 30, 1990
Return on assets-2.53%a year's rate, June 30, 1990
Staff30full time, June 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.