The Graveyard › Banks › 1989
American Interstate SA
Los Angeles, CA · failed July 20, 1989 · FDIC certificate 32475
American Interstate SA of Los Angeles, CA failed on July 20, 1989. It opened on June 19, 1986, 3 years before. At its last report before that it held $24.9 million in assets and $25.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $34.8 million. The FDIC estimates that the Resolution Trust Corporation lost $5.0 million on it.
1986-061989-06
Assets at the end$24.9 millionlast report before July 20, 1989
Deposits at the end$25.0 million
Estimated loss to the fund$5.0 millionRTC
Largest in the quarterly reports$34.8 millionSeptember 30, 1987
Equity to assets-1.3%June 30, 1989
Loans not being repaid18.2%noncurrent, June 30, 1989
Return on assets-9.64%a year's rate, June 30, 1989
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.