The Graveyard › Banks › 1991
Surety Fs & La
Morganton, NC · failed July 9, 1991 · FDIC certificate 32566
Surety Fs & La of Morganton, NC failed on July 9, 1991. It opened on December 11, 1987, 3 years before. At its last report before that it held $224.8 million in assets and $163.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1990, it held $242.1 million. The FDIC estimates that the Resolution Trust Corporation lost $1.8 million on it.
1987-121991-06
Assets at the end$224.8 millionlast report before July 9, 1991
Deposits at the end$163.4 million
Estimated loss to the fund$1.8 millionRTC
Largest in the quarterly reports$242.1 millionDecember 31, 1990
Equity to assets1.6%June 30, 1991
Loans not being repaid2.1%noncurrent, June 30, 1991
Return on assets-0.31%a year's rate, June 30, 1991
Staff76full time, June 30, 1991
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.