The Graveyard › Banks › 1990
United Savings FSB
Paterson, NJ · failed May 15, 1990 · FDIC certificate 30147
United Savings FSB of Paterson, NJ failed on May 15, 1990. It opened on April 26, 1941, 49 years before. At its last report before that it held $245.8 million in assets and $244.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $306.2 million. The FDIC estimates that the Resolution Trust Corporation lost $21.1 million on it.
1984-031990-03
Assets at the end$245.8 millionlast report before May 15, 1990
Deposits at the end$244.8 million
Estimated loss to the fund$21.1 millionRTC
Largest in the quarterly reports$306.2 millionMarch 31, 1988
Equity to assets0.3%March 31, 1990
Loans not being repaid2.3%noncurrent, March 31, 1990
Return on assets-2.00%a year's rate, March 31, 1990
Staff70full time, March 31, 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.