The Graveyard › Banks › 1989

First Fed. S & L Association

Bakersfield, CA · failed June 29, 1989 · FDIC certificate 28119

First Fed. S & L Association of Bakersfield, CA failed on June 29, 1989. It opened in 1928, 61 years before. At its last report before that it held $126.4 million in assets and $127.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $140.0 million. The FDIC estimates that the Resolution Trust Corporation lost $11.3 million on it.

1984-031989-03

Assets at the end$126.4 millionlast report before June 29, 1989

Deposits at the end$127.3 million

Estimated loss to the fund$11.3 millionRTC

Largest in the quarterly reports$140.0 millionMarch 31, 1985

Equity to assets-6.4%March 31, 1989

Loans not being repaid4.3%noncurrent, March 31, 1989

Return on assets-1.91%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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Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
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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.