The Graveyard › Banks › 1989

Peoples S & L Association

Streator, IL · failed July 20, 1989 · FDIC certificate 29428

Peoples S & L Association of Streator, IL failed on July 20, 1989. It opened in 1904, 85 years before. At its last report before that it held $46.3 million in assets and $47.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $53.4 million. The FDIC estimates that the Resolution Trust Corporation lost $19.7 million on it.

1984-031989-06

Assets at the end$46.3 millionlast report before July 20, 1989

Deposits at the end$47.3 million

Estimated loss to the fund$19.7 millionRTC

Largest in the quarterly reports$53.4 millionSeptember 30, 1988

Equity to assets-3.3%June 30, 1989

Loans not being repaid6.8%noncurrent, June 30, 1989

Return on assets-19.62%a year's rate, June 30, 1989

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

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Also ended in 1989

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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.