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Bank Failure

Henderson Home S & La

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Closed February 2, 1990 · Henderson, KY · FDIC Cert #27915.

Closing date
February 2, 1990
Headquarters
Henderson, KY
FDIC Certificate
27915
Total assets at closing
$50.4M
Total deposits at closing
$49.8M
Estimated loss to the insurance fund
$2.2M
Insurance fund
Resolution Trust Corporation (RTC)
Resolution
Failure (closed by regulators)
Acquirer
Farmers B&TC

Context

On February 2, 1990, regulators closed Henderson Home S & La, headquartered in Henderson, KY. At closing, the institution held approximately $50.4M in assets and $49.8M in deposits. The FDIC record names Farmers B&TC as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $2.2M.

By assets at closing this is the 1647th largest of the 3,526 bank failures in the FDIC record, and the 222nd 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 Henderson Home S & La fail?

Henderson Home S & La was closed by regulators on February 2, 1990.

Who acquired Henderson Home S & La?

The FDIC record names Farmers B&TC as the acquiring institution in the resolution of Henderson Home S & La.

How big was Henderson Home S & La when it failed?

Henderson Home S & La had approximately $50.4M in total assets and $49.8M in deposits at the time of failure.

Other failures in 1990

Date Bank HQ Assets
Dec 28, 1990 Capitol Bank and Trust Company Boston, MA $485.6M
Dec 28, 1990 Southern FS New Orleans, LA $230.8M
Dec 28, 1990 First FS & La of Andalusia Andalusia, AL $38.7M
Dec 27, 1990 Enterprise Savings Bank, F.A. Chicago, IL $432.6M
Dec 21, 1990 Arkansas FSB Little Rock, AR $71.7M
Dec 15, 1990 Mid-America FS & La Columbus, OH $1.21B
Dec 14, 1990 Community FS & La St. Louis, MO $1.98B
Dec 14, 1990 Comfed Savings Bank Lowell, MA $1.40B