The Graveyard › Banks › 1989
First Fs&La in New Albany
New Albany, MS · failed January 27, 1989 · FDIC certificate 31846
First Fs&La in New Albany of New Albany, MS failed on January 27, 1989. It opened in 1972, 17 years before. At its last report before that it held $20.8 million in assets and $17.5 million in deposits. The FDIC estimates that the FSLIC's fund lost $4.9 million on it.
1984-031988-12
Assets at the end$20.8 millionlast report before January 27, 1989
Deposits at the end$17.5 million
Estimated loss to the fund$4.9 millionFSLIC
Largest in the quarterly reports$20.8 millionDecember 31, 1988
Equity to assets-9.1%December 31, 1988
Loans not being repaid2.6%noncurrent, December 31, 1988
Return on assets-7.40%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.