The Graveyard › Banks › 1989

American Fs & La of Colorado

Colorado Springs, CO · failed April 6, 1989 · FDIC certificate 29073

American Fs & La of Colorado of Colorado Springs, CO failed on April 6, 1989. It opened on July 1, 1934, 54 years before. At its last report before that it held $720.4 million in assets and $681.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $841.7 million. The FDIC estimates that the Resolution Trust Corporation lost $443.5 million on it.

1984-031989-03

Assets at the end$720.4 millionlast report before April 6, 1989

Deposits at the end$681.0 million

Estimated loss to the fund$443.5 millionRTC

Largest in the quarterly reports$841.7 millionDecember 31, 1987

Equity to assets-18.5%March 31, 1989

Loans not being repaid46.7%noncurrent, March 31, 1989

Return on assets-7.43%a year's rate, March 31, 1989

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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.