The Graveyard › Banks › 1989
Meridian Saving Association
Arlington, TX · failed April 6, 1989 · FDIC certificate 32048
Meridian Saving Association of Arlington, TX failed on April 6, 1989. It opened in 1979, 10 years before. At its last report before that it held $48.9 million in assets and $434.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $355.7 million. The FDIC estimates that the Resolution Trust Corporation lost $531.3 million on it.
1984-031989-03
Assets at the end$48.9 millionlast report before April 6, 1989
Deposits at the end$434.9 million
Estimated loss to the fund$531.3 millionRTC
Largest in the quarterly reports$355.7 millionDecember 31, 1986
Equity to assets-848.9%March 31, 1989
Loans not being repaid69.3%noncurrent, March 31, 1989
Return on assets-103.50%a year's rate, March 31, 1989
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.