The Graveyard › Banks › 1989
Enterprise Federal Savings
Marrero, LA · failed March 2, 1989 · FDIC certificate 31993
Enterprise Federal Savings of Marrero, LA failed on March 2, 1989. It opened on November 30, 1979, 9 years before. At its last report before that it held $63.5 million in assets and $67.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $72.0 million. The FDIC estimates that the Resolution Trust Corporation lost $35.3 million on it.
1984-031988-12
Assets at the end$63.5 millionlast report before March 2, 1989
Deposits at the end$67.0 million
Estimated loss to the fund$35.3 millionRTC
Largest in the quarterly reports$72.0 millionMarch 31, 1988
Equity to assets-21.4%December 31, 1988
Loans not being repaid41.8%noncurrent, December 31, 1988
Return on assets-13.60%a year's rate, December 31, 1988
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.