The Graveyard › Banks › 1989
Mid-State S&LA
Champaign, IL · failed February 24, 1989 · FDIC certificate 31478
Mid-State S&LA of Champaign, IL failed on February 24, 1989. It opened in 1905, 84 years before. At its last report before that it held $28.4 million in assets and $29.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $31.3 million. The FDIC estimates that the FSLIC's fund lost $8.0 million on it.
1984-031988-12
Assets at the end$28.4 millionlast report before February 24, 1989
Deposits at the end$29.8 million
Estimated loss to the fund$8.0 millionFSLIC
Largest in the quarterly reports$31.3 millionJune 30, 1988
Equity to assets-9.6%December 31, 1988
Loans not being repaid3.6%noncurrent, December 31, 1988
Return on assets-3.31%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.