The Graveyard › Banks › 1990

Santa Barbara S & L Association

Santa Barbara, CA · failed April 27, 1990 · FDIC certificate 28666

Santa Barbara S & L Association of Santa Barbara, CA failed on April 27, 1990. It opened in 1887, 103 years before. At its last report before that it held $4.3 billion in assets and $1.7 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $5.5 billion. The FDIC estimates that the Resolution Trust Corporation lost $55,448 on it.

1984-031990-03

Assets at the end$4.3 billionlast report before April 27, 1990

Deposits at the end$1.7 billion

Estimated loss to the fund$55,448RTC

Largest in the quarterly reports$5.5 billionSeptember 30, 1987

Equity to assets0.6%March 31, 1990

Loans not being repaid0.8%noncurrent, March 31, 1990

Return on assets3.36%a year's rate, March 31, 1990

Staff589full time, March 31, 1990

On the FDIC's list: SANTA BARBARA S & L ASSOC..

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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.