The Graveyard › Banks › 1990
Pima S & La
Tucson, AZ · failed March 2, 1990 · FDIC certificate 30697
Pima S & La of Tucson, AZ failed on March 2, 1990. It opened in 1953, 37 years before. At its last report before that it held $2.7 billion in assets and $2.1 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $3.3 billion. The FDIC estimates that the Resolution Trust Corporation lost $160.5 million on it.
1984-031989-12
Assets at the end$2.7 billionlast report before March 2, 1990
Deposits at the end$2.1 billion
Estimated loss to the fund$160.5 millionRTC
Largest in the quarterly reports$3.3 billionSeptember 30, 1988
Equity to assets1.0%December 31, 1989
Loans not being repaid5.7%noncurrent, December 31, 1989
Return on assets-3.63%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.