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Home Federal S & L Association

Memphis, TN · failed July 20, 1989 · FDIC certificate 27978

Home Federal S & L Association of Memphis, TN failed on July 20, 1989. It opened in 1876, 113 years before. At its last report before that it held $204.3 million in assets and $164.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $232.3 million. The FDIC estimates that the Resolution Trust Corporation lost $20.0 million on it.

1984-031989-06

Assets at the end$204.3 millionlast report before July 20, 1989

Deposits at the end$164.3 million

Estimated loss to the fund$20.0 millionRTC

Largest in the quarterly reports$232.3 millionJune 30, 1984

Equity to assets-8.5%June 30, 1989

Loans not being repaid3.4%noncurrent, June 30, 1989

Return on assets-2.29%a year's rate, June 30, 1989

On the FDIC's list: HOME FEDERAL S & L 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.