The Graveyard › Banks › 1989
Alliance Bank
Anchorage, AK · failed April 21, 1989 · FDIC certificate 18462
Alliance Bank of Anchorage, AK failed on April 21, 1989. It opened on December 14, 1961, 27 years before. At its last report before that it held $779.0 million in assets and $797.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $1.2 billion. The FDIC estimates that the FDIC's insurance fund lost $75.9 million on it.
1984-031988-12
Assets at the end$779.0 millionlast report before April 21, 1989
Deposits at the end$797.2 million
Estimated loss to the fund$75.9 millionFDIC
Largest in the quarterly reports$1.2 billionDecember 31, 1987
Equity to assets-5.6%December 31, 1988
Loans not being repaid36.1%noncurrent, December 31, 1988
Return on assets-13.38%a year's rate, December 31, 1988
Staff475full time, December 31, 1988
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.