The Graveyard › Banks › 1989
Liberty Federal Savings
New Port Richey, FL · failed March 16, 1989 · FDIC certificate 32540
Liberty Federal Savings of New Port Richey, FL failed on March 16, 1989. It opened on May 15, 1987, 1 year before. At its last report before that it held $60.1 million in assets and $91.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $91.5 million. The FDIC estimates that the Resolution Trust Corporation lost $35.3 million on it.
1987-061988-12
Assets at the end$60.1 millionlast report before March 16, 1989
Deposits at the end$91.1 million
Estimated loss to the fund$35.3 millionRTC
Largest in the quarterly reports$91.5 millionJune 30, 1987
Equity to assets-52.2%December 31, 1988
Loans not being repaid13.9%noncurrent, December 31, 1988
Return on assets-8.30%a year's rate, December 31, 1988
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.