The Graveyard › Banks › 1991
Santa Paula S & La
Santa Paula, CA · failed September 27, 1991 · FDIC certificate 27867
Santa Paula S & La of Santa Paula, CA failed on September 27, 1991. It opened in 1890, 101 years before. At its last report before that it held $280.7 million in assets and $242.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $368.7 million. The FDIC estimates that the Resolution Trust Corporation lost $6.9 million on it.
1984-031991-06
Assets at the end$280.7 millionlast report before September 27, 1991
Deposits at the end$242.6 million
Estimated loss to the fund$6.9 millionRTC
Largest in the quarterly reports$368.7 millionDecember 31, 1987
Equity to assets0.6%June 30, 1991
Loans not being repaid3.0%noncurrent, June 30, 1991
Return on assets-0.97%a year's rate, June 30, 1991
Staff78full time, June 30, 1991
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.