The Graveyard › Banks › 1989
East Texas S & La Association
Tyler, TX · failed September 21, 1989 · FDIC certificate 28187
East Texas S & La Association of Tyler, TX failed on September 21, 1989. It opened in 1926, 63 years before. At its last report before that it held $362.4 million in assets and $213.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $392.4 million. The FDIC estimates that the Resolution Trust Corporation lost $63.2 million on it.
1984-031989-06
Assets at the end$362.4 millionlast report before September 21, 1989
Deposits at the end$213.7 million
Estimated loss to the fund$63.2 millionRTC
Largest in the quarterly reports$392.4 millionSeptember 30, 1988
Equity to assets-4.8%June 30, 1989
Loans not being repaid9.0%noncurrent, June 30, 1989
Return on assets-9.46%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.