$8.2B
total assets, December 31, 1989
Empire of America FSB was a savings bank in Buffalo, NY. It failed on Jan 24, 1990, and Branch Sale took over its deposits. At its last report it held $8.2 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Jan 24, 1990
- Assets
- $8.2B
- Deposits
- $8.0B
- Estimated cost
- $1.2B
- Deposits went to
- Branch Sale, None, NA
- Rescued on
- Jul 30, 1982
- Assets
- $842M
- Deposits
- $476M
- Estimated cost
- $3.1M
- How
- Empire Of America, Fsa, Southfield, MI
It also received outside help once before.
Total assets
$8.2B
-27.2% in a year · -19.6% in a quarter
Deposits
$8.0B
-4.4% in a year · -1.7% in a quarter
Loans
$6.3B
-12.3% in a year · -4.4% in a quarter
Profit so far
-$1.1B
Jan 1 to Dec 31, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-10.55%
-9.96 pts in a year
Facts
- Type
- Savings bank
- Head office
- One Empire Tower, Buffalo, NY, 14202
- County
- Erie
- Established
- Jun 27, 1947
- Failed
- Feb 28, 1990
- Id
- b30321
Quarter by quarter
March 31, 1984 to December 31, 1989
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 Empire of America FSB?
$8.2 billion in total assets and $8.0 billion in deposits as of December 31, 1989, with assets down 27.2% from a year before. Its loans were $6.3 billion.
Is Empire of America FSB profitable?
No: it lost $1.1 billion from January 1 to December 31, 1989. Its return on assets was -10.55% a year; about 1% is typical.
When did Empire of America FSB fail?
Jan 24, 1990. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $1.2 billion.
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.