The Graveyard › Banks › 1990
Professional Savings Bank
Coral Gables, FL · failed July 27, 1990 · FDIC certificate 30843
Professional Savings Bank of Coral Gables, FL failed on July 27, 1990. It opened in 1955, 35 years before. At its last report before that it held $695.6 million in assets and $618.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $811.3 million. The FDIC estimates that the Resolution Trust Corporation lost $251.5 million on it.
1984-031990-06
Assets at the end$695.6 millionlast report before July 27, 1990
Deposits at the end$618.4 million
Estimated loss to the fund$251.5 millionRTC
Largest in the quarterly reports$811.3 millionDecember 31, 1988
Equity to assets-4.4%June 30, 1990
Loans not being repaid10.3%noncurrent, June 30, 1990
Return on assets-9.79%a year's rate, June 30, 1990
Staff240full time, June 30, 1990
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.