The Graveyard › Banks › 1989
Baldwin County Fed. Savings Bank
Robertsdale · failed March 30, 1989 · FDIC certificate 28071
Baldwin County Fed. Savings Bank of Robertsdale failed on March 30, 1989. It opened in 1927, 62 years before. At its last report before that it held $171.5 million in assets and $156.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $214.0 million. The FDIC estimates that the Resolution Trust Corporation lost $7.3 million on it.
1984-031988-12
Assets at the end$171.5 millionlast report before March 30, 1989
Deposits at the end$156.8 million
Estimated loss to the fund$7.3 millionRTC
Largest in the quarterly reports$214.0 millionDecember 31, 1985
Equity to assets-2.0%December 31, 1988
Loans not being repaid8.2%noncurrent, December 31, 1988
Return on assets-3.10%a year's rate, 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.