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Salamanca Fed. Savings Association

Salamanca, NY · failed November 30, 1989 · FDIC certificate 29436

Salamanca Fed. Savings Association of Salamanca, NY failed on November 30, 1989. It opened in 1882, 107 years before. At its last report before that it held $29.7 million in assets and $29.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $32.4 million. The FDIC estimates that the Resolution Trust Corporation lost $1,253 on it.

1984-031989-09

Assets at the end$29.7 millionlast report before November 30, 1989

Deposits at the end$29.7 million

Estimated loss to the fund$1,253RTC

Largest in the quarterly reports$32.4 millionSeptember 30, 1988

Equity to assets-1.0%September 30, 1989

Loans not being repaid18.8%noncurrent, September 30, 1989

Return on assets-1.62%a year's rate, September 30, 1989

On the FDIC's list: SALAMANCA FED. SAVINGS 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.