The Graveyard › Banks › 1990

Sun Federal Savings Association

Fort Dodge, IA · failed March 16, 1990 · FDIC certificate 31547

Sun Federal Savings Association of Fort Dodge, IA failed on March 16, 1990. It opened in 1967, 23 years before. At its last report before that it held $24.3 million in assets and $19.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $29.9 million. The FDIC estimates that the Resolution Trust Corporation lost $1.8 million on it.

1984-031989-12

Assets at the end$24.3 millionlast report before March 16, 1990

Deposits at the end$19.0 million

Estimated loss to the fund$1.8 millionRTC

Largest in the quarterly reports$29.9 millionJune 30, 1987

Equity to assets1.6%December 31, 1989

Loans not being repaid6.0%noncurrent, December 31, 1989

Return on assets-1.99%a year's rate, December 31, 1989

On the FDIC's list: SUN FEDERAL SAVINGS ASSOC..

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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.