The Graveyard › Banks › 1991

Springfield FSLA

Springfield, PA · failed June 14, 1991 · FDIC certificate 30538

Springfield FSLA of Springfield, PA failed on June 14, 1991. It opened in 1923, 68 years before. At its last report before that it held $97.5 million in assets and $95.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $115.1 million. The FDIC's list records a negative loss of $550,716: the Resolution Trust Corporation got back more than it paid out.

1984-031991-03

Assets at the end$97.5 millionlast report before June 14, 1991

Deposits at the end$95.3 million

Estimated loss to the funda gain of $550,716RTC

Largest in the quarterly reports$115.1 millionSeptember 30, 1989

Equity to assets1.1%March 31, 1991

Loans not being repaid9.3%noncurrent, March 31, 1991

Return on assets0.22%a year's rate, March 31, 1991

Staff25full 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.