The Graveyard › Banks › 1989

Bank of Lakewood, National Association

Lakewood, CO · failed April 27, 1989 · FDIC certificate 23735

Bank of Lakewood, National Association of Lakewood, CO failed on April 27, 1989. It opened on February 8, 1982, 7 years before. At its last report before that it held $9.7 million in assets and $8.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $17.0 million. The FDIC estimates that the FDIC's insurance fund lost $3.4 million on it.

1984-031989-03

Assets at the end$9.7 millionlast report before April 27, 1989

Deposits at the end$8.3 million

Estimated loss to the fund$3.4 millionFDIC

Largest in the quarterly reports$17.0 millionJune 30, 1986

Equity to assets-6.8%March 31, 1989

Loans not being repaid10.9%noncurrent, March 31, 1989

Return on assets-13.59%a year's rate, March 31, 1989

Staff9full time, March 31, 1989

On the FDIC's list: BANK OF LAKEWOOD, NATIONAL ASSOC.

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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.