The Graveyard › Banks › 1989
Sabine Valley S & L Association
Center · failed March 16, 1989 · FDIC certificate 31096
Sabine Valley S & L Association of Center failed on March 16, 1989. It opened in 1958, 31 years before. At its last report before that it held $41.1 million in assets and $29.1 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $11.0 million on it.
1984-031988-12
Assets at the end$41.1 millionlast report before March 16, 1989
Deposits at the end$29.1 million
Estimated loss to the fund$11.0 millionRTC
Largest in the quarterly reports$42.8 millionSeptember 30, 1988
Equity to assets-7.8%December 31, 1988
Loans not being repaid4.6%noncurrent, December 31, 1988
Return on assets-6.26%a year's rate, December 31, 1988
On the FDIC's list: SABINE VALLEY S & L ASSOC..
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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.