The Graveyard › Banks › 1989
First Federal Bank of Alaska
Anchorage, AK · failed March 2, 1989 · FDIC certificate 30856
First Federal Bank of Alaska of Anchorage, AK failed on March 2, 1989. It opened in 1955, 34 years before. At its last report before that it held $137.6 million in assets and $192.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $380.4 million. The FDIC estimates that the Resolution Trust Corporation lost $134.0 million on it.
1984-031988-12
Assets at the end$137.6 millionlast report before March 2, 1989
Deposits at the end$192.3 million
Estimated loss to the fund$134.0 millionRTC
Largest in the quarterly reports$380.4 millionSeptember 30, 1987
Equity to assets-66.8%December 31, 1988
Loans not being repaid53.1%noncurrent, December 31, 1988
Return on assets-27.24%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.