The Graveyard › Banks › 1989

First Fed. S & L Association

Atlanta · failed March 9, 1989 · FDIC certificate 27702

First Fed. S & L Association of Atlanta failed on March 9, 1989. It opened in 1924, 65 years before. At its last report before that it held $301.0 million in assets and $249.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $412.1 million. The FDIC estimates that the Resolution Trust Corporation lost $18.2 million on it.

1984-031988-12

Assets at the end$301.0 millionlast report before March 9, 1989

Deposits at the end$249.8 million

Estimated loss to the fund$18.2 millionRTC

Largest in the quarterly reports$412.1 millionDecember 31, 1985

Equity to assets-2.5%December 31, 1988

Loans not being repaid5.0%noncurrent, December 31, 1988

Return on assets-1.73%a year's rate, December 31, 1988

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

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Also ended in 1989

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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.