The Graveyard › Banks › 1989
Peoples Heritage Fs & La
Salina, KS · failed August 10, 1989 · FDIC certificate 28899
Peoples Heritage Fs & La of Salina, KS failed on August 10, 1989. It opened in 1921, 68 years before. At its last report before that it held $1.8 billion in assets and $1.5 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $2.2 billion. The FDIC estimates that the Resolution Trust Corporation lost $707.0 million on it.
1984-031989-06
Assets at the end$1.8 billionlast report before August 10, 1989
Deposits at the end$1.5 billion
Estimated loss to the fund$707.0 millionRTC
Largest in the quarterly reports$2.2 billionMarch 31, 1988
Equity to assets-9.4%June 30, 1989
Loans not being repaid29.3%noncurrent, June 30, 1989
Return on assets-21.83%a year's rate, June 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.