The Graveyard › Banks › 1995
American S & L Association
New York, NY · failed May 5, 1995 · FDIC certificate 29781
American S & L Association of New York, NY failed on May 5, 1995. It opened in 1888, 107 years before. At its last report before that it held $64.4 million in assets and $57.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $99.0 million. The FDIC estimates that the Resolution Trust Corporation lost $6.0 million on it.
1984-031995-03
Assets at the end$64.4 millionlast report before May 5, 1995
Deposits at the end$57.7 million
Estimated loss to the fund$6.0 millionRTC
Largest in the quarterly reports$99.0 millionSeptember 30, 1989
Equity to assets3.8%March 31, 1995
Loans not being repaid29.7%noncurrent, March 31, 1995
Return on assets-1.18%a year's rate, March 31, 1995
Staff26full time, March 31, 1995
Also ended in 1995
- Continental Savings of America · San Francisco, CA · $359.4 million in assets
- Guardian Bank · Los Angeles, CA · $316.9 million in assets
- First Trust Bank · Ontario, CA · $227.7 million in assets
- Pacific Heritage Bank · Torrance, CA · $147.7 million in assets
- Founders Bank · New Haven, CT · $77.4 million in assets
- Los Angeles Thrift and Loan Company · Los Angeles, CA · $23.4 million 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.