The Graveyard › Banks › 1989
Denton Federal Savings
Denton, TX · failed August 24, 1989 · FDIC certificate 28760
Denton Federal Savings of Denton, TX failed on August 24, 1989. It opened in 1933, 56 years before. At its last report before that it held $142.7 million in assets and $148.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $170.1 million. The FDIC estimates that the Resolution Trust Corporation lost $32.0 million on it.
1984-031989-06
Assets at the end$142.7 millionlast report before August 24, 1989
Deposits at the end$148.0 million
Estimated loss to the fund$32.0 millionRTC
Largest in the quarterly reports$170.1 millionDecember 31, 1986
Equity to assets-11.2%June 30, 1989
Loans not being repaid22.7%noncurrent, June 30, 1989
Return on assets-27.85%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.