The Graveyard › Banks › 1989

Louisiana Savings Association

Lake Charles, LA · failed December 14, 1989 · FDIC certificate 29444

Louisiana Savings Association of Lake Charles, LA failed on December 14, 1989. It opened in 1909, 80 years before. At its last report before that it held $449.3 million in assets and $398.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $591.4 million. The FDIC estimates that the Resolution Trust Corporation lost $114.1 million on it.

1984-031989-09

Assets at the end$449.3 millionlast report before December 14, 1989

Deposits at the end$398.8 million

Estimated loss to the fund$114.1 millionRTC

Largest in the quarterly reports$591.4 millionMarch 31, 1986

Equity to assets-2.7%September 30, 1989

Loans not being repaid10.1%noncurrent, September 30, 1989

Return on assets-2.38%a year's rate, September 30, 1989

On the FDIC's list: LOUISIANA SAVINGS ASSN..

Take today's blind test

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.