The Graveyard › Banks › 1989

General Federal Savings Bank

Coral Gables, FL · failed November 16, 1989 · FDIC certificate 32030

General Federal Savings Bank of Coral Gables, FL failed on November 16, 1989. It opened on July 28, 1980, 9 years before. At its last report before that it held $355.5 million in assets and $301.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $391.2 million. The FDIC estimates that the Resolution Trust Corporation lost $115.4 million on it.

1984-031989-09

Assets at the end$355.5 millionlast report before November 16, 1989

Deposits at the end$301.5 million

Estimated loss to the fund$115.4 millionRTC

Largest in the quarterly reports$391.2 millionMarch 31, 1989

Equity to assets1.2%September 30, 1989

Loans not being repaid17.8%noncurrent, September 30, 1989

Return on assets-2.98%a year's rate, September 30, 1989

Take today's blind test

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.