The Graveyard › Banks › 1991
Preffered Savings and Loan
High Point, NC · failed March 8, 1991 · FDIC certificate 32340
Preffered Savings and Loan of High Point, NC failed on March 8, 1991. It opened on March 1, 1980, 11 years before. At its last report before that it held $224.5 million in assets and $174.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $351.7 million. The FDIC estimates that the Resolution Trust Corporation lost $19.2 million on it.
1985-091990-12
Assets at the end$224.5 millionlast report before March 8, 1991
Deposits at the end$174.8 million
Estimated loss to the fund$19.2 millionRTC
Largest in the quarterly reports$351.7 millionJune 30, 1988
Equity to assets0.1%December 31, 1990
Loans not being repaid6.5%noncurrent, December 31, 1990
Return on assets-1.41%a year's rate, December 31, 1990
Staff80full time, December 31, 1990
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.