Record · Bank
ALTUS FSB
ALTUS FSB held $2.0 billion in total assets at failure as of May 17, 1991, according to the FDIC.
ALTUS FSB, of MOBILE, AL, was an FDIC-insured institution that closed on May 17, 1991, as the FDIC records it.
The failure
- May 17, 1991
- Closed
- $2.0 billion
- Assets at failure
- $1,970,413,000
- $1.2 billion
- Deposits at failure
- $1,154,520,000
- $71.2 million
- Estimated cost to the insurance fund
- $71,167,303
- The FDIC's estimate as of July 31, 2026; it revises the estimate as it sells the bank's assets.
- BRANCH SALE
- Acquired by
- NONE, NA
The FDIC’s entry
- FDIC certificate number
- 29002
- Resolution
- FAILURE
- Transaction type
- PA
- Charter class
- SB
- Insurance fund
- RTC
- Insured since
- August 9, 1989
- Established
- July 1, 1934
- Recorded in
- The FDIC’s failures data
Sources
- FDIC failures — every bank failure and assistance transaction since 1934 — Federal Deposit Insurance Corporation · Public domain — U.S. Government work · retrieved September 27, 2026
Compiled automatically from FDIC failures — every bank failure and assistance transaction since 1934 by a checked SQL query · Editor: Kian O'Connor · How this site is built
Data retrieved