The Graveyard › Banks › 1989
First Savings of Laredo
Laredo, TX · failed September 14, 1989 · FDIC certificate 28912
First Savings of Laredo of Laredo, TX failed on September 14, 1989. It opened on May 1, 1934, 55 years before. At its last report before that it held $171.2 million in assets and $157.6 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $119.1 million on it.
1984-031989-06
Assets at the end$171.2 millionlast report before September 14, 1989
Deposits at the end$157.6 million
Estimated loss to the fund$119.1 millionRTC
Largest in the quarterly reports$171.2 millionJune 30, 1989
Equity to assets-1.1%June 30, 1989
Loans not being repaid31.3%noncurrent, June 30, 1989
Return on assets-3.90%a year's rate, June 30, 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.