The Graveyard › Banks › 1989
Cross Roads S & La
Checotah, OK · failed July 13, 1989 · FDIC certificate 32154
Cross Roads S & La of Checotah, OK failed on July 13, 1989. It opened on February 9, 1983, 6 years before. At its last report before that it held $16.8 million in assets and $17.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $27.3 million. The FDIC estimates that the Resolution Trust Corporation lost $14.6 million on it.
1984-031989-06
Assets at the end$16.8 millionlast report before July 13, 1989
Deposits at the end$17.2 million
Estimated loss to the fund$14.6 millionRTC
Largest in the quarterly reports$27.3 millionDecember 31, 1988
Equity to assets-38.9%June 30, 1989
Loans not being repaid13.3%noncurrent, June 30, 1989
Return on assets-66.41%a year's rate, June 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.