The Graveyard › Banks › 1989
Atlantic Permanent Federal
Norfolk, VA · failed December 8, 1989 · FDIC certificate 28223
Atlantic Permanent Federal of Norfolk, VA failed on December 8, 1989. It opened in 1893, 96 years before. At its last report before that it held $581.0 million in assets and $370.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $851.9 million. The FDIC estimates that the Resolution Trust Corporation lost $79.9 million on it.
1984-031989-09
Assets at the end$581.0 millionlast report before December 8, 1989
Deposits at the end$370.6 million
Estimated loss to the fund$79.9 millionRTC
Largest in the quarterly reports$851.9 millionSeptember 30, 1984
Equity to assets-2.6%September 30, 1989
Loans not being repaid7.0%noncurrent, September 30, 1989
Return on assets-2.78%a year's rate, September 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.