The Graveyard › Banks › 1989
Gateway Federal Savings Bank
Oakland, CA · failed April 6, 1989 · FDIC certificate 32059
Gateway Federal Savings Bank of Oakland, CA failed on April 6, 1989. It opened in 1979, 10 years before. At its last report before that it held $72.7 million in assets and $126.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $240.9 million. The FDIC estimates that the Resolution Trust Corporation lost $81.3 million on it.
1984-031989-03
Assets at the end$72.7 millionlast report before April 6, 1989
Deposits at the end$126.2 million
Estimated loss to the fund$81.3 millionRTC
Largest in the quarterly reports$240.9 millionDecember 31, 1984
Equity to assets-91.2%March 31, 1989
Loans not being repaid18.2%noncurrent, March 31, 1989
Return on assets-12.10%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.