The Graveyard › Banks › 1989

First Fed. S & L Association

Malvern, AR · failed March 2, 1989 · FDIC certificate 30740

First Fed. S & L Association of Malvern, AR failed on March 2, 1989. It opened on September 27, 1954, 34 years before. At its last report before that it held $51.1 million in assets and $54.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $62.3 million. The FDIC estimates that the Resolution Trust Corporation lost $19.5 million on it.

1984-031988-12

Assets at the end$51.1 millionlast report before March 2, 1989

Deposits at the end$54.0 million

Estimated loss to the fund$19.5 millionRTC

Largest in the quarterly reports$62.3 millionSeptember 30, 1986

Equity to assets-14.3%December 31, 1988

Loans not being repaid18.9%noncurrent, December 31, 1988

Return on assets-6.84%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.