Bank Failure
Deposit Trust Federal Savings
BankRegReports is independent of Deposit Trust Federal Savings and never asks for online banking logins or passwords.
Closed January 11, 1990 · Monroe, LA · FDIC Cert #32122.
- Closing date
- January 11, 1990
- Headquarters
- Monroe, LA
- FDIC Certificate
- 32122
- Total assets at closing
- $98.0M
- Total deposits at closing
- $91.7M
- Estimated loss to the insurance fund
- $24.7M
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First Republic Bank
Context
On January 11, 1990, regulators closed Deposit Trust Federal Savings, headquartered in Monroe, LA. At closing, the institution held approximately $98.0M in assets and $91.7M in deposits. The FDIC record names First Republic Bank as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $24.7M.
By assets at closing this is the 1213th largest of the 3,526 bank failures in the FDIC record, and the 157th of 381 in 1990. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Deposit Trust Federal Savings fail?
Deposit Trust Federal Savings was closed by regulators on January 11, 1990.
Who acquired Deposit Trust Federal Savings?
The FDIC record names First Republic Bank as the acquiring institution in the resolution of Deposit Trust Federal Savings.
How big was Deposit Trust Federal Savings when it failed?
Deposit Trust Federal Savings had approximately $98.0M in total assets and $91.7M in deposits at the time of failure.
Other failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
Explore: all failures · LA bank events · 1990 events · events hub