The Graveyard › Banks › 1989
First Fs & La
Largo · failed February 17, 1989 · FDIC certificate 31242
First Fs & La of Largo failed on February 17, 1989. It opened in 1960, 29 years before. At its last report before that it held $334.4 million in assets and $391.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $535.3 million. The FDIC estimates that the Resolution Trust Corporation lost $99.3 million on it.
1984-031988-12
Assets at the end$334.4 millionlast report before February 17, 1989
Deposits at the end$391.8 million
Estimated loss to the fund$99.3 millionRTC
Largest in the quarterly reports$535.3 millionDecember 31, 1985
Equity to assets-25.0%December 31, 1988
Loans not being repaid4.4%noncurrent, December 31, 1988
Return on assets-3.85%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.