The Graveyard › Banks › 1989
Padre Federal S & L
Corpus Christi · failed March 2, 1989 · FDIC certificate 31625
Padre Federal S & L of Corpus Christi failed on March 2, 1989. It opened on November 3, 1972, 16 years before. At its last report before that it held $18.4 million in assets and $31.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $32.5 million. The FDIC estimates that the Resolution Trust Corporation lost $24.3 million on it.
1984-031988-12
Assets at the end$18.4 millionlast report before March 2, 1989
Deposits at the end$31.9 million
Estimated loss to the fund$24.3 millionRTC
Largest in the quarterly reports$32.5 millionMarch 31, 1987
Equity to assets-73.6%December 31, 1988
Loans not being repaid32.2%noncurrent, December 31, 1988
Return on assets-22.26%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.