The Graveyard › Banks › 1989

Heritage Savings Association

Jerseyville, IL · failed August 24, 1989 · FDIC certificate 30628

Heritage Savings Association of Jerseyville, IL failed on August 24, 1989. It opened in 1887, 102 years before. At its last report before that it held $32.9 million in assets and $27.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $35.9 million. The FDIC estimates that the Resolution Trust Corporation lost $1,072 on it.

1984-031989-06

Assets at the end$32.9 millionlast report before August 24, 1989

Deposits at the end$27.7 million

Estimated loss to the fund$1,072RTC

Largest in the quarterly reports$35.9 millionJune 30, 1988

Equity to assets-1.5%June 30, 1989

Loans not being repaid3.1%noncurrent, June 30, 1989

Return on assets-1.61%a year's rate, June 30, 1989

On the FDIC's list: HERITAGE SAVINGS ASSOC..

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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.