The Graveyard › Banks › 1989
Continental Fs & La
Oklahoma City, OK · failed March 16, 1989 · FDIC certificate 28058
Continental Fs & La of Oklahoma City, OK failed on March 16, 1989. It opened in 1898, 91 years before. At its last report before that it held $645.1 million in assets and $528.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $834.7 million. The FDIC estimates that the Resolution Trust Corporation lost $198.9 million on it.
1984-031988-12
Assets at the end$645.1 millionlast report before March 16, 1989
Deposits at the end$528.4 million
Estimated loss to the fund$198.9 millionRTC
Largest in the quarterly reports$834.7 millionJune 30, 1985
Equity to assets-2.3%December 31, 1988
Loans not being repaid11.8%noncurrent, December 31, 1988
Return on assets-3.74%a year's rate, December 31, 1988
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.