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Otero S & L Association

Colorado Springs · failed March 9, 1989 · FDIC certificate 28131

Otero S & L Association of Colorado Springs failed on March 9, 1989. It opened in 1898, 91 years before. At its last report before that it held $558.6 million in assets and $481.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $664.3 million. The FDIC estimates that the Resolution Trust Corporation lost $306.1 million on it.

1984-031988-12

Assets at the end$558.6 millionlast report before March 9, 1989

Deposits at the end$481.7 million

Estimated loss to the fund$306.1 millionRTC

Largest in the quarterly reports$664.3 millionJune 30, 1988

Equity to assets-14.5%December 31, 1988

Loans not being repaid38.2%noncurrent, December 31, 1988

Return on assets-16.78%a year's rate, December 31, 1988

On the FDIC's list: OTERO S & L ASSOC..

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Also ended in 1989

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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.