The Graveyard › Banks › 1989
Orange State Bank
Miami, FL · failed December 8, 1989 · FDIC certificate 24623
Orange State Bank of Miami, FL failed on December 8, 1989. It opened on July 22, 1983, 6 years before. At its last report before that it held $8.0 million in assets and $8.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $14.8 million. The FDIC estimates that the Bank Insurance Fund lost $925,395 on it.
1984-031989-09
Assets at the end$8.0 millionlast report before December 8, 1989
Deposits at the end$8.1 million
Estimated loss to the fund$925,395BIF
Largest in the quarterly reports$14.8 millionSeptember 30, 1987
Equity to assets-1.3%September 30, 1989
Loans not being repaid12.1%noncurrent, September 30, 1989
Return on assets-4.03%a year's rate, September 30, 1989
Staff10full time, September 30, 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.