The Graveyard › Banks › 1990
Southwest Savings Association
Dallas, TX · failed May 18, 1990 · FDIC certificate 30592
Southwest Savings Association of Dallas, TX failed on May 18, 1990. It opened in 1952, 38 years before. At its last report before that it held $5.3 billion in assets and $3.8 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $6.9 billion. The FDIC estimates that the Resolution Trust Corporation lost $390.5 million on it.
1984-031990-03
Assets at the end$5.3 billionlast report before May 18, 1990
Deposits at the end$3.8 billion
Estimated loss to the fund$390.5 millionRTC
Largest in the quarterly reports$6.9 billionSeptember 30, 1988
Equity to assets-5.0%March 31, 1990
Loans not being repaid6.9%noncurrent, March 31, 1990
Return on assets-1.35%a year's rate, March 31, 1990
Staff874full time, March 31, 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
- Atlantic Financial Savings · Bala Cynwyd, PA · $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.