The Graveyard › Banks › 2008

Downey Savings and Loan Association, F.A.

Newport Beach, CA · failed November 21, 2008 · FDIC certificate 30968

Downey Savings and Loan Association, F.A. of Newport Beach, CA failed on November 21, 2008. It opened on October 16, 1957, 51 years before. At its last report before that it held $12.8 billion in assets and $9.7 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2006, it held $17.8 billion. The FDIC estimates that the Deposit Insurance Fund lost $151.2 million on it.

1984-032008-09

Assets at the end$12.8 billionlast report before November 21, 2008

Deposits at the end$9.7 billion

Estimated loss to the fund$151.2 millionDIF

Largest in the quarterly reports$17.8 billionMarch 31, 2006

Equity to assets7.5%September 30, 2008

Loans not being repaid13.2%noncurrent, September 30, 2008

Return on assets-5.52%a year's rate, September 30, 2008

Staff2,199full time, September 30, 2008

Could you have seen it coming? Play The Crash of '08

Also ended in 2008

Citibank, National Association · Las Vegas · $1.21 trillion in assets · assisted
Washington Mutual Bank · Henderson, NV · $307.0 billion in assets
Citibank (South Dakota), N.A. · Sioux Falls · $77.7 billion in assets · assisted
IndyMac Bank, F.S.B. · Pasadena, CA · $30.7 billion in assets
Citicorp Trust Bank, fsb · Wilmington · $19.6 billion in assets · assisted
Franklin Bank, S.S.B. · Houston, TX · $5.1 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.