$3.6B
total assets, December 31, 1990
Amerifirst Bank, A FSB was a savings bank in Miami, FL. It failed on Mar 15, 1991, and Great Western Bank, FSB took over its deposits. At its last report it held $3.6 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Mar 15, 1991
- Assets
- $3.6B
- Deposits
- $2.9B
- Estimated cost
- $558M
- Deposits went to
- Great Western Bank, FSB, Beverly Hills, CA
Total assets
$3.6B
-13.2% in a year · -1.1% in a quarter
Deposits
$2.9B
-9.9% in a year · +1.1% in a quarter
Loans
$2.3B
-18.7% in a year · -4.5% in a quarter
Profit so far
-$173M
Jan 1 to Dec 31, 1990
Capital ratio
-3.15%
-3.15 pts in a year
Return on assets
-4.54%
-1.69 pts in a year
Facts
- Type
- Savings bank
- Head office
- One S E Third Avenue, Miami, FL, 33131
- County
- Miami-Dade
- Established
- Dec 1, 1933
- Failed
- Mar 15, 1991
- Employees
- 1,303
- Id
- b28683
Quarter by quarter
March 31, 1984 to December 31, 1990
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Amerifirst Bank, A FSB?
$3.6 billion in total assets and $2.9 billion in deposits as of December 31, 1990, with assets down 13.2% from a year before. Its loans were $2.3 billion.
Is Amerifirst Bank, A FSB profitable?
No: it lost $173.4 million from January 1 to December 31, 1990. Its return on assets was -4.54% a year; about 1% is typical.
When did Amerifirst Bank, A FSB fail?
Mar 15, 1991. Great Western Bank, FSB of Beverly Hills, CA took over its deposits. The estimated cost of the failure was $557.5 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.