The Graveyard › Banks › 1989
Community Fed. S & L Association
Newport News · failed March 30, 1989 · FDIC certificate 31884
Community Fed. S & L Association of Newport News failed on March 30, 1989. It opened in 1957, 32 years before. At its last report before that it held $9.4 million in assets and $10.0 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $1.3 million on it.
1984-031988-12
Assets at the end$9.4 millionlast report before March 30, 1989
Deposits at the end$10.0 million
Estimated loss to the fund$1.3 millionRTC
Equity to assets-13.2%December 31, 1988
Loans not being repaid3.3%noncurrent, December 31, 1988
Return on assets-2.08%a year's rate, December 31, 1988
On the FDIC's list: COMMUNITY FED. S & L ASSOC..
Take today's blind testAlso ended in 1989
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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.