The Graveyard › Banks › 1989
Family Savings Bank, FSB
Sapulpa, OK · failed October 5, 1989 · FDIC certificate 28550
Family Savings Bank, FSB of Sapulpa, OK failed on October 5, 1989. It opened in 1919, 70 years before. At its last report before that it held $50.9 million in assets and $52.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $74.8 million. The FDIC estimates that the Resolution Trust Corporation lost $4.1 million on it.
1984-031989-09
Assets at the end$50.9 millionlast report before October 5, 1989
Deposits at the end$52.8 million
Estimated loss to the fund$4.1 millionRTC
Largest in the quarterly reports$74.8 millionSeptember 30, 1986
Equity to assets-4.7%September 30, 1989
Loans not being repaid9.1%noncurrent, September 30, 1989
Return on assets-3.99%a year's rate, September 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.