The Graveyard › Banks › 1990
Vanguard SB
Vandergrief, PA · failed February 23, 1990 · FDIC certificate 29451
Vanguard SB of Vandergrief, PA failed on February 23, 1990. It opened on June 13, 1935, 54 years before. At its last report before that it held $176.9 million in assets and $150.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $256.4 million. The FDIC estimates that the Resolution Trust Corporation lost $25.8 million on it.
1984-031989-12
Assets at the end$176.9 millionlast report before February 23, 1990
Deposits at the end$150.7 million
Estimated loss to the fund$25.8 millionRTC
Largest in the quarterly reports$256.4 millionJune 30, 1985
Equity to assets0.4%December 31, 1989
Loans not being repaid3.7%noncurrent, December 31, 1989
Return on assets-2.19%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.