The Graveyard › Banks › 1989

First Savings of America Fs & La

Orland Park, IL · failed March 16, 1989 · FDIC certificate 32513

First Savings of America Fs & La of Orland Park, IL failed on March 16, 1989. It opened on December 12, 1986, 2 years before. At its last report before that it held $23.5 million in assets and $47.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $43.1 million. The FDIC estimates that the Resolution Trust Corporation lost $31.4 million on it.

1986-121988-12

Assets at the end$23.5 millionlast report before March 16, 1989

Deposits at the end$47.3 million

Estimated loss to the fund$31.4 millionRTC

Largest in the quarterly reports$43.1 millionDecember 31, 1986

Equity to assets-110.7%December 31, 1988

Loans not being repaid33.1%noncurrent, December 31, 1988

Return on assets-23.93%a year's rate, December 31, 1988

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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.