The Graveyard › Banks › 1990
Southern Fs
New Orleans, LA · failed December 28, 1990 · FDIC certificate 28287
Southern Fs of New Orleans, LA failed on December 28, 1990. It opened in 1887, 103 years before. At its last report before that it held $230.8 million in assets and $230.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $269.5 million. The FDIC estimates that the Resolution Trust Corporation lost $7.0 million on it.
1984-031990-09
Assets at the end$230.8 millionlast report before December 28, 1990
Deposits at the end$230.0 million
Estimated loss to the fund$7.0 millionRTC
Largest in the quarterly reports$269.5 millionDecember 31, 1986
Equity to assets0.0%September 30, 1990
Loans not being repaid5.8%noncurrent, September 30, 1990
Return on assets-1.75%a year's rate, September 30, 1990
Staff115full time, September 30, 1990
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.