The Graveyard › Banks › 1991
Oaktree Federal Savings
New Orleans, LA · failed October 13, 1991 · FDIC certificate 32090
Oaktree Federal Savings of New Orleans, LA failed on October 13, 1991. It opened on May 13, 1981, 10 years before. At its last report before that it held $2.2 billion in assets and $2.3 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $2.8 billion. The FDIC estimates that the Resolution Trust Corporation lost $2.3 billion on it.
1984-031991-09
Assets at the end$2.2 billionlast report before October 13, 1991
Deposits at the end$2.3 billion
Estimated loss to the fund$2.3 billionRTC
Largest in the quarterly reports$2.8 billionDecember 31, 1989
Equity to assets-14.1%September 30, 1991
Loans not being repaid12.1%noncurrent, September 30, 1991
Return on assets-6.62%a year's rate, September 30, 1991
Staff459full time, September 30, 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.