The Graveyard › Banks › 1990
Westport Federal Savings Bank
Hanford, CA · failed March 9, 1990 · FDIC certificate 31965
Westport Federal Savings Bank of Hanford, CA failed on March 9, 1990. It opened in 1978, 12 years before. At its last report before that it held $169.6 million in assets and $171.5 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $27.7 million on it.
1984-031989-12
Assets at the end$169.6 millionlast report before March 9, 1990
Deposits at the end$171.5 million
Estimated loss to the fund$27.7 millionRTC
Largest in the quarterly reports$172.7 millionSeptember 30, 1989
Equity to assets-2.9%December 31, 1989
Loans not being repaid8.6%noncurrent, December 31, 1989
Return on assets-4.00%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.