The Graveyard › Banks › 1990
The Bank of Ruidoso
Ruidoso, NM · failed February 23, 1990 · FDIC certificate 20150
The Bank of Ruidoso of Ruidoso, NM failed on February 23, 1990. It opened on March 9, 1970, 19 years before. At its last report before that it held $27.8 million in assets and $26.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $35.6 million. The FDIC estimates that the Bank Insurance Fund lost $12.7 million on it.
1984-031989-12
Assets at the end$27.8 millionlast report before February 23, 1990
Deposits at the end$26.5 million
Estimated loss to the fund$12.7 millionBIF
Largest in the quarterly reports$35.6 millionJune 30, 1986
Equity to assets0.8%December 31, 1989
Loans not being repaid26.5%noncurrent, December 31, 1989
Return on assets-3.41%a year's rate, December 31, 1989
Staff27full time, December 31, 1989
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.