The Graveyard › Banks › 1989

Deseret S & L Association

Salt Lake City, UT · failed February 10, 1989 · FDIC certificate 28553

Deseret S & L Association of Salt Lake City, UT failed on February 10, 1989. It opened in 1906, 83 years before. At its last report before that it held $159.3 million in assets and $177.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $279.9 million. The FDIC estimates that the Resolution Trust Corporation lost $88.0 million on it.

1984-031988-12

Assets at the end$159.3 millionlast report before February 10, 1989

Deposits at the end$177.7 million

Estimated loss to the fund$88.0 millionRTC

Largest in the quarterly reports$279.9 millionJune 30, 1984

Equity to assets-49.5%December 31, 1988

Loans not being repaid11.4%noncurrent, December 31, 1988

Return on assets-12.82%a year's rate, December 31, 1988

On the FDIC's list: DESERET S & L ASSOC..

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Also ended in 1989

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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.