The Graveyard › Banks › 1989
Golden Circle SA
Corsicana · failed April 6, 1989 · FDIC certificate 32225
Golden Circle SA of Corsicana failed on April 6, 1989. It opened on June 11, 1984, 4 years before. At its last report before that it held $20.5 million in assets and $18.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $25.7 million. The FDIC estimates that the Resolution Trust Corporation lost $4.3 million on it.
1984-061989-03
Assets at the end$20.5 millionlast report before April 6, 1989
Deposits at the end$18.5 million
Estimated loss to the fund$4.3 millionRTC
Largest in the quarterly reports$25.7 millionJune 30, 1988
Equity to assets-4.4%March 31, 1989
Loans not being repaid8.4%noncurrent, March 31, 1989
Return on assets-1.98%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.