The Graveyard › Banks › 1989
Cass Fs & La of St. Louis
Florissant · failed April 6, 1989 · FDIC certificate 29017
Cass Fs & La of St. Louis of Florissant failed on April 6, 1989. It opened in 1925, 64 years before. At its last report before that it held $52.4 million in assets and $65.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $84.2 million. The FDIC estimates that the Resolution Trust Corporation lost $12.6 million on it.
1984-031989-03
Assets at the end$52.4 millionlast report before April 6, 1989
Deposits at the end$65.8 million
Estimated loss to the fund$12.6 millionRTC
Largest in the quarterly reports$84.2 millionJune 30, 1985
Equity to assets-27.9%March 31, 1989
Loans not being repaid11.4%noncurrent, March 31, 1989
Return on assets-8.90%a year's rate, March 31, 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.