The Graveyard › Banks › 1989
Citizens S & La of Springfield
Springfield, IL · failed September 7, 1989 · FDIC certificate 28107
Citizens S & La of Springfield of Springfield, IL failed on September 7, 1989. It opened in 1895, 94 years before. At its last report before that it held $89.3 million in assets and $78.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $104.3 million. The FDIC estimates that the Resolution Trust Corporation lost $5,621 on it.
1984-031989-06
Assets at the end$89.3 millionlast report before September 7, 1989
Deposits at the end$78.5 million
Estimated loss to the fund$5,621RTC
Largest in the quarterly reports$104.3 millionDecember 31, 1984
Equity to assets-4.1%June 30, 1989
Loans not being repaid6.1%noncurrent, June 30, 1989
Return on assets-1.55%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.