The Graveyard › Banks › 1989
Gibraltar Savings, FA
Simi Valley, CA · failed March 31, 1989 · FDIC certificate 31629
Gibraltar Savings, FA of Simi Valley, CA failed on March 31, 1989. It opened in 1886, 103 years before. At its last report before that it held $13.4 billion in assets and $7.6 billion in deposits. The FDIC estimates that the Resolution Trust Corporation lost $94.6 million on it.
1984-031989-03
Assets at the end$13.4 billionlast report before March 31, 1989
Deposits at the end$7.6 billion
Estimated loss to the fund$94.6 millionRTC
Largest in the quarterly reports$13.4 billionDecember 31, 1987
Equity to assets-0.3%March 31, 1989
Loans not being repaid5.2%noncurrent, March 31, 1989
Return on assets-1.88%a year's rate, March 31, 1989
Also ended in 1989
- 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
- Bright Banc · Dallas, TX · $4.4 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.