The Graveyard › Banks › 1989
First Fed. S & La of Colorado Spr.
Colorado Springs · failed March 9, 1989 · FDIC certificate 28819
First Fed. S & La of Colorado Spr. of Colorado Springs failed on March 9, 1989. It opened in 1933, 56 years before. At its last report before that it held $354.9 million in assets and $313.5 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $194.8 million on it.
1984-031988-12
Assets at the end$354.9 millionlast report before March 9, 1989
Deposits at the end$313.5 million
Estimated loss to the fund$194.8 millionRTC
Largest in the quarterly reports$372.4 millionJune 30, 1988
Equity to assets-3.5%December 31, 1988
Loans not being repaid18.1%noncurrent, December 31, 1988
Return on assets-5.84%a year's rate, December 31, 1988
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- 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.