The Graveyard › Banks › 1989

Fidelity Federal Savings Association

Galesburg, IL · failed November 9, 1989 · FDIC certificate 27821

Fidelity Federal Savings Association of Galesburg, IL failed on November 9, 1989. It opened in 1892, 97 years before. At its last report before that it held $393.8 million in assets and $361.6 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $46.6 million on it.

1984-031989-09

Assets at the end$393.8 millionlast report before November 9, 1989

Deposits at the end$361.6 million

Estimated loss to the fund$46.6 millionRTC

Equity to assets-2.2%September 30, 1989

Loans not being repaid1.7%noncurrent, September 30, 1989

Return on assets-0.99%a year's rate, September 30, 1989

On the FDIC's list: FIDELITY FEDERAL SAVINGS ASSOC..

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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.