The Graveyard › Banks › 1990
Sweetwater Fs & La
Rock Springs, WY · failed August 22, 1990 · FDIC certificate 29499
Sweetwater Fs & La of Rock Springs, WY failed on August 22, 1990. It opened on August 22, 1935, 55 years before. At its last report before that it held $11.6 million in assets and $11.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $18.9 million. The FDIC estimates that the Resolution Trust Corporation lost $1.3 million on it.
1984-031990-06
Assets at the end$11.6 millionlast report before August 22, 1990
Deposits at the end$11.7 million
Estimated loss to the fund$1.3 millionRTC
Largest in the quarterly reports$18.9 millionSeptember 30, 1986
Equity to assets-1.3%June 30, 1990
Loans not being repaid11.4%noncurrent, June 30, 1990
Return on assets-0.20%a year's rate, June 30, 1990
Staff4full 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.