The Graveyard › Banks › 1989
Columbia Fsa
Nassau Bay, TX · failed December 21, 1989 · FDIC certificate 32390
Columbia Fsa of Nassau Bay, TX failed on December 21, 1989. It opened on October 18, 1985, 4 years before. At its last report before that it held $77.1 million in assets and $71.1 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $36.0 million on it.
1986-031989-09
Assets at the end$77.1 millionlast report before December 21, 1989
Deposits at the end$71.1 million
Estimated loss to the fund$36.0 millionRTC
Largest in the quarterly reports$77.1 millionSeptember 30, 1989
Equity to assets-1.0%September 30, 1989
Loans not being repaid26.7%noncurrent, September 30, 1989
Return on assets-4.94%a year's rate, 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.