The Graveyard › Banks › 1990
Pioneer Savings Bank, FSB
Clearwater, FL · failed February 2, 1990 · FDIC certificate 30803
Pioneer Savings Bank, FSB of Clearwater, FL failed on February 2, 1990. It opened on September 8, 1955, 34 years before. At its last report before that it held $1.9 billion in assets and $1.4 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $2.2 billion. The FDIC estimates that the Resolution Trust Corporation lost $217.2 million on it.
1984-031989-12
Assets at the end$1.9 billionlast report before February 2, 1990
Deposits at the end$1.4 billion
Estimated loss to the fund$217.2 millionRTC
Largest in the quarterly reports$2.2 billionMarch 31, 1989
Equity to assets-0.2%December 31, 1989
Loans not being repaid3.0%noncurrent, December 31, 1989
Return on assets-1.74%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.