The Graveyard › Banks › 1991
Security Savings & Loan
Waterbury, CT · failed April 12, 1991 · FDIC certificate 32054
Security Savings & Loan of Waterbury, CT failed on April 12, 1991. It opened on November 6, 1980, 10 years before. At its last report before that it held $143.2 million in assets and $129.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1989, it held $164.8 million. The FDIC estimates that the Resolution Trust Corporation lost $50.0 million on it.
1984-031991-03
Assets at the end$143.2 millionlast report before April 12, 1991
Deposits at the end$129.4 million
Estimated loss to the fund$50.0 millionRTC
Largest in the quarterly reports$164.8 millionDecember 31, 1989
Equity to assets0.1%March 31, 1991
Loans not being repaid21.7%noncurrent, March 31, 1991
Return on assets-1.71%a year's rate, March 31, 1991
Staff56full time, March 31, 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.