The Graveyard › Banks › 1989
Financial Security S & L Association
Delray Beach · failed March 16, 1989 · FDIC certificate 32630
Financial Security S & L Association of Delray Beach failed on March 16, 1989. It opened on October 6, 1988, less than a year before. At its last report before that it held $142.3 million in assets and $150.4 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $57.8 million on it.
Assets at the end$142.3 millionlast report before March 16, 1989
Deposits at the end$150.4 million
Estimated loss to the fund$57.8 millionRTC
Equity to assets-16.6%December 31, 1988
Loans not being repaid22.9%noncurrent, December 31, 1988
Return on assets-1.16%a year's rate, December 31, 1988
On the FDIC's list: FINANCIAL SECURITY S & L ASSOC..
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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.