The Graveyard › Banks › 1989
Habersham Federal SA
Cornelia, GA · failed June 22, 1989 · FDIC certificate 27924
Habersham Federal SA of Cornelia, GA failed on June 22, 1989. It opened in 1929, 60 years before. At its last report before that it held $93.3 million in assets and $90.8 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $36.0 million on it.
1984-031989-03
Assets at the end$93.3 millionlast report before June 22, 1989
Deposits at the end$90.8 million
Estimated loss to the fund$36.0 millionRTC
Largest in the quarterly reports$94.8 millionDecember 31, 1988
Equity to assets-0.6%March 31, 1989
Loans not being repaid20.2%noncurrent, March 31, 1989
Return on assets-5.20%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.