The Graveyard › Banks › 1989
Century Bank
Phoenix, AZ · failed October 19, 1989 · FDIC certificate 20426
Century Bank of Phoenix, AZ failed on October 19, 1989. It opened on June 1, 1971, 18 years before. At its last report before that it held $120.4 million in assets and $119.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $202.1 million. The FDIC estimates that the Bank Insurance Fund lost $25.8 million on it.
1984-031989-09
Assets at the end$120.4 millionlast report before October 19, 1989
Deposits at the end$119.9 million
Estimated loss to the fund$25.8 millionBIF
Largest in the quarterly reports$202.1 millionMarch 31, 1987
Equity to assets-4.9%September 30, 1989
Loans not being repaid11.1%noncurrent, September 30, 1989
Return on assets-8.62%a year's rate, September 30, 1989
Staff59full time, 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.