The Graveyard › Banks › 1989
Brookside Federal S & L
Los Angeles, CA · failed November 30, 1989 · FDIC certificate 32133
Brookside Federal S & L of Los Angeles, CA failed on November 30, 1989. It opened in 1980, 9 years before. At its last report before that it held $601.4 million in assets and $560.3 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $45.7 million on it.
1984-031989-09
Assets at the end$601.4 millionlast report before November 30, 1989
Deposits at the end$560.3 million
Estimated loss to the fund$45.7 millionRTC
Largest in the quarterly reports$628.2 millionMarch 31, 1989
Equity to assets-0.5%September 30, 1989
Loans not being repaid3.1%noncurrent, September 30, 1989
Return on assets0.31%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.