The Graveyard › Banks › 1991
Vermilion FSB
Abbeville, LA · failed May 10, 1991 · FDIC certificate 31552
Vermilion FSB of Abbeville, LA failed on May 10, 1991. It opened on December 23, 1968, 22 years before. At its last report before that it held $17.8 million in assets and $17.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $22.2 million. The FDIC estimates that the Resolution Trust Corporation lost $322,527 on it.
1984-031991-03
Assets at the end$17.8 millionlast report before May 10, 1991
Deposits at the end$17.6 million
Estimated loss to the fund$322,527RTC
Largest in the quarterly reports$22.2 millionMarch 31, 1988
Equity to assets1.1%March 31, 1991
Loans not being repaid1.9%noncurrent, March 31, 1991
Return on assets0.35%a year's rate, March 31, 1991
Staff10full time, March 31, 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.