The Graveyard › Banks › 1990

Mercury Savings

Huntington Beach, CA · failed February 23, 1990 · FDIC certificate 31273

Mercury Savings of Huntington Beach, CA failed on February 23, 1990. It opened on December 19, 1961, 28 years before. At its last report before that it held $2.2 billion in assets and $1.8 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $2.6 billion. The FDIC estimates that the Resolution Trust Corporation lost $15.7 million on it.

1984-031989-12

Assets at the end$2.2 billionlast report before February 23, 1990

Deposits at the end$1.8 billion

Estimated loss to the fund$15.7 millionRTC

Largest in the quarterly reports$2.6 billionSeptember 30, 1988

Equity to assets-0.0%December 31, 1989

Loans not being repaid5.2%noncurrent, December 31, 1989

Return on assets-1.70%a year's rate, December 31, 1989

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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.