The Graveyard › Banks › 1986
Manhattan Beach S&LA
Manhattan Beach · failed January 9, 1986 · FDIC certificate 32205
Manhattan Beach S&LA of Manhattan Beach failed on January 9, 1986. It opened in 1982, 4 years before. At its last report before that it held $51.1 million in assets and $49.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $64.0 million. The FDIC estimates that the FSLIC's fund lost $23.8 million on it.
1984-031985-12
Assets at the end$51.1 millionlast report before January 9, 1986
Deposits at the end$49.6 million
Estimated loss to the fund$23.8 millionFSLIC
Largest in the quarterly reports$64.0 millionMarch 31, 1985
Equity to assets2.0%December 31, 1985
Loans not being repaid4.9%noncurrent, December 31, 1985
Return on assets-4.51%a year's rate, December 31, 1985
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million 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.