The Graveyard › Banks › 1989
Peoples Homestead Savings Bank
Monroe, LA · failed October 19, 1989 · FDIC certificate 28174
Peoples Homestead Savings Bank of Monroe, LA failed on October 19, 1989. It opened in 1904, 85 years before. At its last report before that it held $268.9 million in assets and $263.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $324.8 million. The FDIC estimates that the Resolution Trust Corporation lost $100.4 million on it.
1984-031989-09
Assets at the end$268.9 millionlast report before October 19, 1989
Deposits at the end$263.7 million
Estimated loss to the fund$100.4 millionRTC
Largest in the quarterly reports$324.8 millionJune 30, 1986
Equity to assets-12.8%September 30, 1989
Loans not being repaid16.4%noncurrent, September 30, 1989
Return on assets-4.47%a year's rate, 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.