The Graveyard › Banks › 1989
First City Federal S & L
Baton Rouge, LA · failed August 7, 1989 · FDIC certificate 32091
First City Federal S & L of Baton Rouge, LA failed on August 7, 1989. It opened on May 21, 1981, 8 years before. At its last report before that it held $22.2 million in assets and $25.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $29.7 million. The FDIC estimates that the Resolution Trust Corporation lost $11.9 million on it.
1984-031989-06
Assets at the end$22.2 millionlast report before August 7, 1989
Deposits at the end$25.1 million
Estimated loss to the fund$11.9 millionRTC
Largest in the quarterly reports$29.7 millionJune 30, 1986
Equity to assets-13.8%June 30, 1989
Loans not being repaid19.2%noncurrent, June 30, 1989
Return on assets-17.92%a year's rate, 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.