The Graveyard › Banks › 1990

Superior Federal Savings Bank

Nacogdoches, TX · failed August 10, 1990 · FDIC certificate 30893

Superior Federal Savings Bank of Nacogdoches, TX failed on August 10, 1990. It opened on December 4, 1956, 33 years before. At its last report before that it held $80.2 million in assets and $77.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $98.7 million. The FDIC estimates that the Resolution Trust Corporation lost $11.4 million on it.

1984-031990-06

Assets at the end$80.2 millionlast report before August 10, 1990

Deposits at the end$77.5 million

Estimated loss to the fund$11.4 millionRTC

Largest in the quarterly reports$98.7 millionDecember 31, 1987

Equity to assets2.9%June 30, 1990

Loans not being repaid1.8%noncurrent, June 30, 1990

Return on assets-0.52%a year's rate, June 30, 1990

Staff27full time, June 30, 1990

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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.