Sovereign Savings Bank
Palm Harbor, FL
$38.9M
total assets, December 31, 1990
$38.9M
total assets, December 31, 1990
Sovereign Savings Bank was a savings and loan in Palm Harbor, FL. It failed on Mar 15, 1991, and Fifth Third SB, FSB took over its deposits. At its last report it held $38.9 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1990
This bank failed
- Failed on
- Mar 15, 1991
- Assets
- $38.9M
- Deposits
- $33.8M
- Estimated cost
- $3.4M
- Deposits went to
- Fifth Third SB, FSB, Palm Harbor, FL
Total assets
$38.9M
-18.9% in a year · -6.1% in a quarter
Deposits
$33.8M
-18.0% in a year · -3.3% in a quarter
Loans
$25.1M
-40.4% in a year · -4.2% in a quarter
Profit so far
-$1.3M
Jan 1 to Dec 31, 1990
Capital ratio
0.64%
+0.64 pts in a year
Return on assets
-2.92%
-1.36 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 2323 Curlew Road, Palm Harbor, FL, 34683
- County
- Pinellas
- Established
- Dec 18, 1986
- Failed
- Mar 15, 1991
- Employees
- 9
- Id
- b32514
Quarter by quarter
March 31, 1987 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 Sovereign Savings Bank?
$38.9 million in total assets and $33.8 million in deposits as of December 31, 1990, with assets down 18.9% from a year before. Its loans were $25.1 million.
Is Sovereign Savings Bank profitable?
No: it lost $1.26 million from January 1 to December 31, 1990. Its return on assets was -2.92% a year; about 1% is typical.
When did Sovereign Savings Bank fail?
Mar 15, 1991. Fifth Third SB, FSB of Palm Harbor, FL took over its deposits. The estimated cost of the failure was $3.39 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.