The Graveyard › Banks › 1989
Madison County Fed. S & L Association
Granite City · failed March 16, 1989 · FDIC certificate 27762
Madison County Fed. S & L Association of Granite City failed on March 16, 1989. It opened in 1923, 66 years before. At its last report before that it held $132.2 million in assets and $131.4 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $24.4 million on it.
1984-031988-12
Assets at the end$132.2 millionlast report before March 16, 1989
Deposits at the end$131.4 million
Estimated loss to the fund$24.4 millionRTC
Largest in the quarterly reports$137.1 millionJune 30, 1988
Equity to assets-6.4%December 31, 1988
Loans not being repaid13.6%noncurrent, December 31, 1988
Return on assets-4.93%a year's rate, December 31, 1988
On the FDIC's list: MADISON COUNTY FED. S & L ASSOC..
Take today's blind testAlso ended in 1989
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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.