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Phenix Fed. S & L Association

Phenix City · failed March 9, 1989 · FDIC certificate 32557

Phenix Fed. S & L Association of Phenix City failed on March 9, 1989. It opened on September 18, 1987, 1 year before. At its last report before that it held $150.3 million in assets and $194.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $204.5 million. The FDIC estimates that the Resolution Trust Corporation lost $69.9 million on it.

1987-091988-12

Assets at the end$150.3 millionlast report before March 9, 1989

Deposits at the end$194.8 million

Estimated loss to the fund$69.9 millionRTC

Largest in the quarterly reports$204.5 millionSeptember 30, 1987

Equity to assets-31.7%December 31, 1988

Loans not being repaid12.0%noncurrent, December 31, 1988

Return on assets-4.98%a year's rate, December 31, 1988

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

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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.