The Graveyard › Banks › 1991

Security Fs & La of Albuquerque

Albuquerque, NM · failed May 3, 1991 · FDIC certificate 32412

Security Fs & La of Albuquerque of Albuquerque, NM failed on May 3, 1991. It opened on October 3, 1985, 5 years before. At its last report before that it held $261.7 million in assets and $193.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $277.6 million. The FDIC estimates that the Resolution Trust Corporation lost $29.4 million on it.

1986-031991-03

Assets at the end$261.7 millionlast report before May 3, 1991

Deposits at the end$193.4 million

Estimated loss to the fund$29.4 millionRTC

Largest in the quarterly reports$277.6 millionDecember 31, 1989

Equity to assets0.6%March 31, 1991

Loans not being repaid6.6%noncurrent, March 31, 1991

Return on assets0.17%a year's rate, March 31, 1991

Staff101full time, March 31, 1991

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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.