The Graveyard › Banks › 1990
The Ben Franklin Fs & La
Portland, OR · failed February 21, 1990 · FDIC certificate 28220
The Ben Franklin Fs & La of Portland, OR failed on February 21, 1990. It opened in 1890, 100 years before. At its last report before that it held $4.6 billion in assets and $3.2 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $5.5 billion. The FDIC estimates that the Resolution Trust Corporation lost $132,513 on it.
1984-031989-12
Assets at the end$4.6 billionlast report before February 21, 1990
Deposits at the end$3.2 billion
Estimated loss to the fund$132,513RTC
Largest in the quarterly reports$5.5 billionDecember 31, 1988
Equity to assets-4.2%December 31, 1989
Loans not being repaid1.5%noncurrent, December 31, 1989
Return on assets-7.34%a year's rate, 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.