The Graveyard › Banks › 1990

Remington Federal Savings Association

Elgin, TX · failed May 25, 1990 · FDIC certificate 31726

Remington Federal Savings Association of Elgin, TX failed on May 25, 1990. It opened in 1973, 17 years before. At its last report before that it held $127.0 million in assets and $113.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $223.7 million. The FDIC estimates that the Resolution Trust Corporation lost $63.2 million on it.

1984-031990-03

Assets at the end$127.0 millionlast report before May 25, 1990

Deposits at the end$113.9 million

Estimated loss to the fund$63.2 millionRTC

Largest in the quarterly reports$223.7 millionDecember 31, 1987

Equity to assets-10.2%March 31, 1990

Loans not being repaid16.5%noncurrent, March 31, 1990

Return on assets-43.64%a year's rate, March 31, 1990

Staff35full time, March 31, 1990

On the FDIC's list: REMINGTON FEDERAL SAVINGS ASSOC..

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Also ended in 1990

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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.