The Graveyard › Banks › 1989
Civic Savings Bank
Portsmouth · failed June 8, 1989 · FDIC certificate 28625
Civic Savings Bank of Portsmouth failed on June 8, 1989. It opened in 1891, 98 years before. At its last report before that it held $98.7 million in assets and $101.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $124.7 million. The FDIC estimates that the Resolution Trust Corporation lost $12.9 million on it.
1984-031989-03
Assets at the end$98.7 millionlast report before June 8, 1989
Deposits at the end$101.3 million
Estimated loss to the fund$12.9 millionRTC
Largest in the quarterly reports$124.7 millionSeptember 30, 1986
Equity to assets-5.0%March 31, 1989
Loans not being repaid9.6%noncurrent, March 31, 1989
Return on assets-5.91%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.