The Graveyard › Banks › 1989
Fidelity FSB
Corinth, MS · failed April 6, 1989 · FDIC certificate 32259
Fidelity FSB of Corinth, MS failed on April 6, 1989. It opened on October 2, 1984, 4 years before. At its last report before that it held $116.4 million in assets and $135.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $157.6 million. The FDIC estimates that the Resolution Trust Corporation lost $96.6 million on it.
1985-031989-03
Assets at the end$116.4 millionlast report before April 6, 1989
Deposits at the end$135.3 million
Estimated loss to the fund$96.6 millionRTC
Largest in the quarterly reports$157.6 millionJune 30, 1988
Equity to assets-44.1%March 31, 1989
Loans not being repaid17.2%noncurrent, March 31, 1989
Return on assets-11.44%a year's rate, March 31, 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.