The Graveyard › Banks › 1989

First Fed. S & L Association

Americus, GA · failed June 22, 1989 · FDIC certificate 30458

First Fed. S & L Association of Americus, GA failed on June 22, 1989. It opened on April 7, 1950, 39 years before. At its last report before that it held $54.4 million in assets and $49.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $58.2 million. The FDIC estimates that the Resolution Trust Corporation lost $8.8 million on it.

1984-031989-03

Assets at the end$54.4 millionlast report before June 22, 1989

Deposits at the end$49.8 million

Estimated loss to the fund$8.8 millionRTC

Largest in the quarterly reports$58.2 millionMarch 31, 1986

Equity to assets-5.9%March 31, 1989

Loans not being repaid15.5%noncurrent, March 31, 1989

Return on assets-10.77%a year's rate, March 31, 1989

On the FDIC's list: FIRST FED. S & L ASSOC..

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Also ended in 1989

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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.