The Graveyard › Banks › 1989
First Fed. Savings Bank
East Alton, IL · failed April 6, 1989 · FDIC certificate 28228
First Fed. Savings Bank of East Alton, IL failed on April 6, 1989. It opened in 1907, 82 years before. At its last report before that it held $55.6 million in assets and $55.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $62.1 million. The FDIC estimates that the Resolution Trust Corporation lost $7.2 million on it.
1984-031989-03
Assets at the end$55.6 millionlast report before April 6, 1989
Deposits at the end$55.7 million
Estimated loss to the fund$7.2 millionRTC
Largest in the quarterly reports$62.1 millionSeptember 30, 1986
Equity to assets-7.0%March 31, 1989
Loans not being repaid7.0%noncurrent, March 31, 1989
Return on assets-12.65%a year's rate, March 31, 1989
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.