The Graveyard › Banks › 1990
Tennessee Federal Savings Bank
Cookeville, TN · failed August 3, 1990 · FDIC certificate 31851
Tennessee Federal Savings Bank of Cookeville, TN failed on August 3, 1990. It opened in 1973, 17 years before. At its last report before that it held $40.0 million in assets and $36.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $43.0 million. The FDIC estimates that the Resolution Trust Corporation lost $10.9 million on it.
1984-031990-06
Assets at the end$40.0 millionlast report before August 3, 1990
Deposits at the end$36.0 million
Estimated loss to the fund$10.9 millionRTC
Largest in the quarterly reports$43.0 millionSeptember 30, 1989
Equity to assets-0.5%June 30, 1990
Loans not being repaid16.7%noncurrent, June 30, 1990
Return on assets-5.59%a year's rate, June 30, 1990
Staff17full 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.