The Graveyard › Banks › 1989

River City Federal Savings

Baton Rouge, LA · failed March 16, 1989 · FDIC certificate 32041

River City Federal Savings of Baton Rouge, LA failed on March 16, 1989. It opened on September 15, 1980, 8 years before. At its last report before that it held $61.2 million in assets and $98.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $99.7 million. The FDIC estimates that the Resolution Trust Corporation lost $86.6 million on it.

1984-031988-12

Assets at the end$61.2 millionlast report before March 16, 1989

Deposits at the end$98.3 million

Estimated loss to the fund$86.6 millionRTC

Largest in the quarterly reports$99.7 millionSeptember 30, 1987

Equity to assets-90.7%December 31, 1988

Loans not being repaid31.0%noncurrent, December 31, 1988

Return on assets-60.53%a year's rate, December 31, 1988

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Also ended in 1989

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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.