The Graveyard › Banks › 1985
Crescent Savings Bank
New Orleans, LA · failed June 25, 1985 · FDIC certificate 32098
Crescent Savings Bank of New Orleans, LA failed on June 25, 1985. It opened on August 13, 1981, 3 years before. At its last report before that it held $89.1 million in assets and $84.0 million in deposits. The FDIC estimates that the FSLIC's fund lost $53.7 million on it.
1984-031985-03
Assets at the end$89.1 millionlast report before June 25, 1985
Deposits at the end$84.0 million
Estimated loss to the fund$53.7 millionFSLIC
Largest in the quarterly reports$89.1 millionDecember 31, 1984
Equity to assets0.4%March 31, 1985
Loans not being repaid19.4%noncurrent, March 31, 1985
Return on assets2.95%a year's rate, March 31, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 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.