The Graveyard › Banks › 1990
Mid-America Fs & La
Columbus, OH · failed December 15, 1990 · FDIC certificate 28783
Mid-America Fs & La of Columbus, OH failed on December 15, 1990. It opened in 1922, 68 years before. At its last report before that it held $1.2 billion in assets and $894.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $1.4 billion. The FDIC estimates that the Resolution Trust Corporation lost $71,279 on it.
1984-031990-09
Assets at the end$1.2 billionlast report before December 15, 1990
Deposits at the end$894.3 million
Estimated loss to the fund$71,279RTC
Largest in the quarterly reports$1.4 billionMarch 31, 1987
Equity to assets0.6%September 30, 1990
Loans not being repaid7.5%noncurrent, September 30, 1990
Return on assets-0.51%a year's rate, September 30, 1990
Staff265full 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.