The Graveyard › Banks › 1989

Landmark Savings Bank, FSB

Hot Springs · failed March 2, 1989 · FDIC certificate 29217

Landmark Savings Bank, FSB of Hot Springs failed on March 2, 1989. It opened on November 26, 1934, 54 years before. At its last report before that it held $132.3 million in assets and $153.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $187.6 million. The FDIC estimates that the Resolution Trust Corporation lost $87.7 million on it.

1984-031988-12

Assets at the end$132.3 millionlast report before March 2, 1989

Deposits at the end$153.9 million

Estimated loss to the fund$87.7 millionRTC

Largest in the quarterly reports$187.6 millionDecember 31, 1985

Equity to assets-38.0%December 31, 1988

Loans not being repaid3.3%noncurrent, December 31, 1988

Return on assets-8.34%a year's rate, December 31, 1988

On the FDIC's list: LANDMARK SAVINGS BANK FSB.

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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.