The Graveyard › Banks › 1990

The U. S. Savings Bank of America

Seabrook, NH · failed July 27, 1990 · FDIC certificate 25229

The U. S. Savings Bank of America of Seabrook, NH failed on July 27, 1990. It opened on June 27, 1984, 6 years before. At its last report before that it held $12.4 million in assets and $12.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $13.5 million. The FDIC estimates that the Bank Insurance Fund lost $1.5 million on it.

1984-061990-06

Assets at the end$12.4 millionlast report before July 27, 1990

Deposits at the end$12.1 million

Estimated loss to the fund$1.5 millionBIF

Largest in the quarterly reports$13.5 millionJune 30, 1987

Equity to assets2.3%June 30, 1990

Loans not being repaid8.1%noncurrent, June 30, 1990

Return on assets-2.77%a year's rate, June 30, 1990

Staff9full time, June 30, 1990

On the FDIC's list: U.S. SAVINGS BANK OF AMERICA.

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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.