The Graveyard › Banks › 1989
Caprock Federal Savings & Loan
Lubbock, TX · failed August 1, 1989 · FDIC certificate 32116
Caprock Federal Savings & Loan of Lubbock, TX failed on August 1, 1989. It opened in 1980, 9 years before. At its last report before that it held $436.1 million in assets and $442.9 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $403.1 million on it.
1984-031989-06
Assets at the end$436.1 millionlast report before August 1, 1989
Deposits at the end$442.9 million
Estimated loss to the fund$403.1 millionRTC
Largest in the quarterly reports$436.1 millionJune 30, 1989
Equity to assets-10.0%June 30, 1989
Loans not being repaid37.1%noncurrent, June 30, 1989
Return on assets-27.62%a year's rate, June 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.