The Graveyard › Banks › 1989
Great Atlantic Savings Bank
Manteo, NC · failed March 30, 1989 · FDIC certificate 32405
Great Atlantic Savings Bank of Manteo, NC failed on March 30, 1989. It opened on June 15, 1980, 8 years before. At its last report before that it held $126.8 million in assets and $123.8 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $48.3 million on it.
1985-121988-12
Assets at the end$126.8 millionlast report before March 30, 1989
Deposits at the end$123.8 million
Estimated loss to the fund$48.3 millionRTC
Largest in the quarterly reports$126.8 millionDecember 31, 1988
Equity to assets-7.1%December 31, 1988
Loans not being repaid32.4%noncurrent, December 31, 1988
Return on assets-7.93%a year's rate, December 31, 1988
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.