The Graveyard › Banks › 1990
Midwest Federal Savings Bank
Minot, ND · failed January 4, 1990 · FDIC certificate 27920
Midwest Federal Savings Bank of Minot, ND failed on January 4, 1990. It opened in 1922, 68 years before. At its last report before that it held $955.0 million in assets and $577.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $1.2 billion. The FDIC estimates that the Resolution Trust Corporation lost $93.6 million on it.
1984-031989-12
Assets at the end$955.0 millionlast report before January 4, 1990
Deposits at the end$577.8 million
Estimated loss to the fund$93.6 millionRTC
Largest in the quarterly reports$1.2 billionSeptember 30, 1988
Equity to assets-10.4%December 31, 1989
Loans not being repaid6.1%noncurrent, December 31, 1989
Return on assets-2.63%a year's rate, December 31, 1989
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.