The Graveyard › Banks › 1989

City S & L Association

Westlake Village, CA · failed April 6, 1989 · FDIC certificate 32197

City S & L Association of Westlake Village, CA failed on April 6, 1989. It opened in 1982, 7 years before. At its last report before that it held $33.3 million in assets and $34.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $36.4 million. The FDIC estimates that the Resolution Trust Corporation lost $2.6 million on it.

1984-031989-03

Assets at the end$33.3 millionlast report before April 6, 1989

Deposits at the end$34.0 million

Estimated loss to the fund$2.6 millionRTC

Largest in the quarterly reports$36.4 millionMarch 31, 1988

Equity to assets-4.6%March 31, 1989

Loans not being repaid0.7%noncurrent, March 31, 1989

Return on assets-2.76%a year's rate, March 31, 1989

On the FDIC's list: CITY S & L ASSOC..

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Also ended in 1989

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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.