The Graveyard › Banks › 1989

New Guaranty Fed. S & L Association

Taylor, MI · failed July 27, 1989 · FDIC certificate 30484

New Guaranty Fed. S & L Association of Taylor, MI failed on July 27, 1989. It opened on November 7, 1950, 38 years before. At its last report before that it held $212.5 million in assets and $192.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $264.1 million. The FDIC estimates that the Resolution Trust Corporation lost $7.9 million on it.

1984-031989-06

Assets at the end$212.5 millionlast report before July 27, 1989

Deposits at the end$192.5 million

Estimated loss to the fund$7.9 millionRTC

Largest in the quarterly reports$264.1 millionMarch 31, 1985

Equity to assets-4.3%June 30, 1989

Loans not being repaid5.6%noncurrent, June 30, 1989

Return on assets-3.04%a year's rate, June 30, 1989

On the FDIC's list: NEW GUARANTY FED. S & L ASSOC..

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.