The Graveyard › Banks › 1989
Crest Federal S & L
Kankakee, IL · failed November 9, 1989 · FDIC certificate 30909
Crest Federal S & L of Kankakee, IL failed on November 9, 1989. It opened on November 28, 1956, 32 years before. At its last report before that it held $137.1 million in assets and $133.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $177.0 million. The FDIC estimates that the Resolution Trust Corporation lost $22.4 million on it.
1984-031989-09
Assets at the end$137.1 millionlast report before November 9, 1989
Deposits at the end$133.2 million
Estimated loss to the fund$22.4 millionRTC
Largest in the quarterly reports$177.0 millionSeptember 30, 1986
Equity to assets0.4%September 30, 1989
Loans not being repaid1.0%noncurrent, September 30, 1989
Return on assets0.17%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.