The Graveyard › Banks › 1989
First Fed. S & La of Seminole
Seminole · failed March 16, 1989 · FDIC certificate 29128
First Fed. S & La of Seminole of Seminole failed on March 16, 1989. It opened on August 1, 1934, 54 years before. At its last report before that it held $33.3 million in assets and $35.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $43.8 million. The FDIC estimates that the Resolution Trust Corporation lost $5.5 million on it.
1984-031988-12
Assets at the end$33.3 millionlast report before March 16, 1989
Deposits at the end$35.4 million
Estimated loss to the fund$5.5 millionRTC
Largest in the quarterly reports$43.8 millionJune 30, 1984
Equity to assets-10.4%December 31, 1988
Loans not being repaid4.1%noncurrent, December 31, 1988
Return on assets-4.30%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.