The Graveyard › Banks › 1989

First Fed. S & L Association

Fayetteville · failed March 2, 1989 · FDIC certificate 30672

First Fed. S & L Association of Fayetteville failed on March 2, 1989. It opened on November 2, 1953, 35 years before. At its last report before that it held $125.6 million in assets and $112.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $154.0 million. The FDIC estimates that the Resolution Trust Corporation lost $29.1 million on it.

1984-031988-12

Assets at the end$125.6 millionlast report before March 2, 1989

Deposits at the end$112.3 million

Estimated loss to the fund$29.1 millionRTC

Largest in the quarterly reports$154.0 millionDecember 31, 1984

Equity to assets-10.9%December 31, 1988

Loans not being repaid7.3%noncurrent, December 31, 1988

Return on assets-4.95%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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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.