The Graveyard › Banks › 1989

Rusk Fed. S & L Association

Rusk · failed March 16, 1989 · FDIC certificate 29038

Rusk Fed. S & L Association of Rusk failed on March 16, 1989. It opened on July 1, 1934, 54 years before. At its last report before that it held $44.6 million in assets and $47.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $50.0 million. The FDIC estimates that the Resolution Trust Corporation lost $24.6 million on it.

1984-031988-12

Assets at the end$44.6 millionlast report before March 16, 1989

Deposits at the end$47.2 million

Estimated loss to the fund$24.6 millionRTC

Largest in the quarterly reports$50.0 millionJune 30, 1987

Equity to assets-25.8%December 31, 1988

Loans not being repaid25.9%noncurrent, December 31, 1988

Return on assets-15.21%a year's rate, December 31, 1988

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

Take today's blind test

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.