The Graveyard › Banks › 1989

Commercial S & La Association

Hammond, LA · failed July 27, 1989 · FDIC certificate 32068

Commercial S & La Association of Hammond, LA failed on July 27, 1989. It opened on December 18, 1980, 8 years before. At its last report before that it held $74.2 million in assets and $66.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $83.8 million. The FDIC estimates that the Resolution Trust Corporation lost $33.4 million on it.

1984-031989-06

Assets at the end$74.2 millionlast report before July 27, 1989

Deposits at the end$66.6 million

Estimated loss to the fund$33.4 millionRTC

Largest in the quarterly reports$83.8 millionMarch 31, 1986

Equity to assets-5.2%June 30, 1989

Loans not being repaid22.2%noncurrent, June 30, 1989

Return on assets-6.75%a year's rate, June 30, 1989

On the FDIC's list: COMMERCIAL S & LA ASSOC..

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Also ended in 1989

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Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
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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.