Bank Failure
Home SB, FSB
BankRegReports is independent of Home SB, FSB and never asks for online banking logins or passwords.
Closed July 5, 1990 · Salt Lake City, UT · FDIC Cert #32037.
- Closing date
- July 5, 1990
- Headquarters
- Salt Lake City, UT
- FDIC Certificate
- 32037
- Total assets at closing
- $12.8M
- Total deposits at closing
- $9.9M
- Estimated loss to the insurance fund
- $218K
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Zions First NB
Context
On July 5, 1990, regulators closed Home SB, FSB, headquartered in Salt Lake City, UT. At closing, the institution held approximately $12.8M in assets and $9.9M in deposits. The FDIC record names Zions First NB as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $218K.
By assets at closing this is the 2647th largest of the 3,526 bank failures in the FDIC record, and the 350th 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 Home SB, FSB fail?
Home SB, FSB was closed by regulators on July 5, 1990.
Who acquired Home SB, FSB?
The FDIC record names Zions First NB as the acquiring institution in the resolution of Home SB, FSB.
How big was Home SB, FSB when it failed?
Home SB, FSB had approximately $12.8M in total assets and $9.9M 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 · UT bank events · 1990 events · events hub