The Graveyard › Banks › 1989
Fidelity Bank
Scottsdale, AZ · failed July 21, 1989 · FDIC certificate 26270
Fidelity Bank of Scottsdale, AZ failed on July 21, 1989. It opened on June 3, 1985, 4 years before. At its last report before that it held $11.2 million in assets and $11.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $28.3 million. The FDIC estimates that the FDIC's insurance fund lost $3.5 million on it.
1985-061989-06
Assets at the end$11.2 millionlast report before July 21, 1989
Deposits at the end$11.6 million
Estimated loss to the fund$3.5 millionFDIC
Largest in the quarterly reports$28.3 millionDecember 31, 1987
Equity to assets-4.0%June 30, 1989
Loans not being repaid8.1%noncurrent, June 30, 1989
Return on assets-2.92%a year's rate, June 30, 1989
Staff10full time, 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.