The Graveyard › Banks › 1989
Founders Federal S & L
Los Angeles, CA · failed April 6, 1989 · FDIC certificate 31697
Founders Federal S & L of Los Angeles, CA failed on April 6, 1989. It opened in 1973, 16 years before. At its last report before that it held $134.7 million in assets and $166.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $189.9 million. The FDIC estimates that the Resolution Trust Corporation lost $77.7 million on it.
1984-031989-03
Assets at the end$134.7 millionlast report before April 6, 1989
Deposits at the end$166.5 million
Estimated loss to the fund$77.7 millionRTC
Largest in the quarterly reports$189.9 millionJune 30, 1985
Equity to assets-32.7%March 31, 1989
Loans not being repaid2.1%noncurrent, March 31, 1989
Return on assets-3.46%a year's rate, March 31, 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.