The Graveyard › Banks › 1991
The First, Federal Association
Orlando, FL · failed October 11, 1991 · FDIC certificate 28763
The First, Federal Association of Orlando, FL failed on October 11, 1991. It opened in 1933, 58 years before. At its last report before that it held $1.1 billion in assets and $960.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $1.3 billion. The FDIC estimates that the Resolution Trust Corporation lost $148.0 million on it.
1984-031991-09
Assets at the end$1.1 billionlast report before October 11, 1991
Deposits at the end$960.8 million
Estimated loss to the fund$148.0 millionRTC
Largest in the quarterly reports$1.3 billionDecember 31, 1988
Equity to assets1.0%September 30, 1991
Loans not being repaid2.6%noncurrent, September 30, 1991
Return on assets0.02%a year's rate, September 30, 1991
Staff444full time, September 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.