The Graveyard › Banks › 1989

Delta Savings and Loan Association

Kenner, LA · failed August 7, 1989 · FDIC certificate 31686

Delta Savings and Loan Association of Kenner, LA failed on August 7, 1989. It opened on February 19, 1974, 15 years before. At its last report before that it held $148.5 million in assets and $114.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $190.0 million. The FDIC estimates that the Resolution Trust Corporation lost $76.3 million on it.

1984-031989-06

Assets at the end$148.5 millionlast report before August 7, 1989

Deposits at the end$114.6 million

Estimated loss to the fund$76.3 millionRTC

Largest in the quarterly reports$190.0 millionJune 30, 1988

Equity to assets-30.1%June 30, 1989

Loans not being repaid32.5%noncurrent, June 30, 1989

Return on assets-10.71%a year's rate, June 30, 1989

On the FDIC's list: DELTA SAVINGS & LOAN ASSOCIATION.

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Also ended in 1989

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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.