The Graveyard › Banks › 1989
Lincoln Fs & La
Mt. Carmel · failed March 9, 1989 · FDIC certificate 31866
Lincoln Fs & La of Mt. Carmel failed on March 9, 1989. It opened in 1973, 16 years before. At its last report before that it held $72.2 million in assets and $64.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $89.9 million. The FDIC estimates that the Resolution Trust Corporation lost $19.2 million on it.
1984-031988-12
Assets at the end$72.2 millionlast report before March 9, 1989
Deposits at the end$64.9 million
Estimated loss to the fund$19.2 millionRTC
Largest in the quarterly reports$89.9 millionSeptember 30, 1987
Equity to assets-9.1%December 31, 1988
Loans not being repaid7.6%noncurrent, December 31, 1988
Return on assets-2.56%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.