The Graveyard › Banks › 1989
Saratoga S & L Association
San Jose, CA · failed November 9, 1989 · FDIC certificate 32162
Saratoga S & L Association of San Jose, CA failed on November 9, 1989. It opened in 1982, 7 years before. At its last report before that it held $84.5 million in assets and $81.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $176.8 million. The FDIC estimates that the Resolution Trust Corporation lost $18.6 million on it.
1984-031989-09
Assets at the end$84.5 millionlast report before November 9, 1989
Deposits at the end$81.7 million
Estimated loss to the fund$18.6 millionRTC
Largest in the quarterly reports$176.8 millionSeptember 30, 1986
Equity to assets4.7%September 30, 1989
Loans not being repaid14.9%noncurrent, September 30, 1989
Return on assets-0.79%a year's rate, September 30, 1989
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.