The Graveyard › Banks › 1990

Summit First S & La

Summit, IL · failed July 13, 1990 · FDIC certificate 29023

Summit First S & La of Summit, IL failed on July 13, 1990. It opened in 1914, 76 years before. At its last report before that it held $57.8 million in assets and $55.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $68.6 million. The FDIC's list records a negative loss of $21,036: the Resolution Trust Corporation got back more than it paid out.

1984-031990-06

Assets at the end$57.8 millionlast report before July 13, 1990

Deposits at the end$55.8 million

Estimated loss to the funda gain of $21,036RTC

Largest in the quarterly reports$68.6 millionDecember 31, 1984

Equity to assets-2.8%June 30, 1990

Loans not being repaid4.3%noncurrent, June 30, 1990

Return on assets1.02%a year's rate, June 30, 1990

Staff26full time, June 30, 1990

Take today's blind test

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.