The Graveyard › Banks › 1989
Colorado Savings Bank
Sterling, CO · failed September 28, 1989 · FDIC certificate 32507
Colorado Savings Bank of Sterling, CO failed on September 28, 1989. It opened on November 21, 1986, 2 years before. At its last report before that it held $12.3 million in assets and $12.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $13.3 million. The FDIC estimates that the Resolution Trust Corporation lost $1.9 million on it.
1986-121989-06
Assets at the end$12.3 millionlast report before September 28, 1989
Deposits at the end$12.6 million
Estimated loss to the fund$1.9 millionRTC
Largest in the quarterly reports$13.3 millionMarch 31, 1989
Equity to assets-3.8%June 30, 1989
Loans not being repaid3.2%noncurrent, June 30, 1989
Return on assets-5.58%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.