The Graveyard › Banks › 1989
Independence S & L Association
Vallejo, CA · failed April 6, 1989 · FDIC certificate 31766
Independence S & L Association of Vallejo, CA failed on April 6, 1989. It opened on October 31, 1975, 13 years before. At its last report before that it held $440.0 million in assets and $361.6 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $23.4 million on it.
1984-031989-03
Assets at the end$440.0 millionlast report before April 6, 1989
Deposits at the end$361.6 million
Estimated loss to the fund$23.4 millionRTC
Largest in the quarterly reports$449.9 millionJune 30, 1988
Equity to assets-1.7%March 31, 1989
Loans not being repaid2.8%noncurrent, March 31, 1989
Return on assets-1.82%a year's rate, March 31, 1989
On the FDIC's list: INDEPENDENCE S & L ASSOC..
Take today's blind testAlso 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.