The Graveyard › Banks › 1989

Central S & L Association

Jackson · failed April 6, 1989 · FDIC certificate 31831

Central S & L Association of Jackson failed on April 6, 1989. It opened in 1960, 29 years before. At its last report before that it held $52.1 million in assets and $72.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $92.0 million. The FDIC estimates that the Resolution Trust Corporation lost $41.0 million on it.

1984-031989-03

Assets at the end$52.1 millionlast report before April 6, 1989

Deposits at the end$72.9 million

Estimated loss to the fund$41.0 millionRTC

Largest in the quarterly reports$92.0 millionMarch 31, 1987

Equity to assets-40.5%March 31, 1989

Loans not being repaid2.7%noncurrent, March 31, 1989

Return on assets-25.05%a year's rate, March 31, 1989

On the FDIC's list: CENTRAL S & L 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.