The Graveyard › Banks › 1990
Statesman Bank for Savings, FSB
Des Moines, IA · failed July 27, 1990 · FDIC certificate 32578
Statesman Bank for Savings, FSB of Des Moines, IA failed on July 27, 1990. It opened on March 11, 1988, 2 years before. At its last report before that it held $540.4 million in assets and $445.1 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $674.9 million. The FDIC estimates that the Resolution Trust Corporation lost $20.4 million on it.
1988-031990-06
Assets at the end$540.4 millionlast report before July 27, 1990
Deposits at the end$445.1 million
Estimated loss to the fund$20.4 millionRTC
Largest in the quarterly reports$674.9 millionMarch 31, 1988
Equity to assets2.5%June 30, 1990
Loans not being repaid3.5%noncurrent, June 30, 1990
Return on assets-2.21%a year's rate, June 30, 1990
Staff126full time, June 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.