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Fortune Financial Fed. S & L Association

Copperas Cove, TX · failed November 30, 1989 · FDIC certificate 31974

Fortune Financial Fed. S & L Association of Copperas Cove, TX failed on November 30, 1989. It opened in 1977, 12 years before. At its last report before that it held $84.2 million in assets and $74.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $88.9 million. The FDIC estimates that the Resolution Trust Corporation lost $35.3 million on it.

1984-031989-09

Assets at the end$84.2 millionlast report before November 30, 1989

Deposits at the end$74.5 million

Estimated loss to the fund$35.3 millionRTC

Largest in the quarterly reports$88.9 millionSeptember 30, 1988

Equity to assets-3.8%September 30, 1989

Loans not being repaid30.7%noncurrent, September 30, 1989

Return on assets-4.89%a year's rate, September 30, 1989

On the FDIC's list: FORTUNE FINANCIAL FED. S & L ASSOC.

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Also ended in 1989

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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.