Bank Failure
Enterprise Savings Bank, F.A.
BankRegReports is independent of Enterprise Savings Bank, F.A. and never asks for online banking logins or passwords.
Closed December 27, 1990 · Chicago, IL · FDIC Cert #29415.
- Closing date
- December 27, 1990
- Headquarters
- Chicago, IL
- FDIC Certificate
- 29415
- Total assets at closing
- $432.6M
- Total deposits at closing
- $322.0M
- Estimated loss to the insurance fund
- $12.6M
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- United FB
Context
On December 27, 1990, regulators closed Enterprise Savings Bank, F.A., headquartered in Chicago, IL. At closing, the institution held approximately $432.6M in assets and $322.0M in deposits. The FDIC record names United FB as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $12.6M.
By assets at closing this is the 429th largest of the 3,526 bank failures in the FDIC record, and the 53rd 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 Enterprise Savings Bank, F.A. fail?
Enterprise Savings Bank, F.A. was closed by regulators on December 27, 1990.
Who acquired Enterprise Savings Bank, F.A.?
The FDIC record names United FB as the acquiring institution in the resolution of Enterprise Savings Bank, F.A.
How big was Enterprise Savings Bank, F.A. when it failed?
Enterprise Savings Bank, F.A. had approximately $432.6M in total assets and $322.0M 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 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 |
| Dec 14, 1990 | Olympic Federal Savings | $1.05B |
Explore: all failures · IL bank events · 1990 events · events hub