The Graveyard › Banks › 1989
Banc Iowa Federal Savings Bank
Cedar Rapids, IA · failed October 16, 1989 · FDIC certificate 29870
Banc Iowa Federal Savings Bank of Cedar Rapids, IA failed on October 16, 1989. It opened in 1892, 97 years before. At its last report before that it held $161.9 million in assets and $140.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $196.3 million. The FDIC estimates that the Resolution Trust Corporation lost $21.9 million on it.
1984-031989-09
Assets at the end$161.9 millionlast report before October 16, 1989
Deposits at the end$140.2 million
Estimated loss to the fund$21.9 millionRTC
Largest in the quarterly reports$196.3 millionJune 30, 1986
Equity to assets-6.2%September 30, 1989
Loans not being repaid1.1%noncurrent, September 30, 1989
Return on assets-7.29%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.