The Graveyard › Banks › 1989
Savers Fs & La
Little Rock, AR · failed February 10, 1989 · FDIC certificate 29423
Savers Fs & La of Little Rock, AR failed on February 10, 1989. It opened on April 24, 1935, 53 years before. At its last report before that it held $806.0 million in assets and $788.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $1.1 billion. The FDIC estimates that the Resolution Trust Corporation lost $618.4 million on it.
1984-031988-12
Assets at the end$806.0 millionlast report before February 10, 1989
Deposits at the end$788.9 million
Estimated loss to the fund$618.4 millionRTC
Largest in the quarterly reports$1.1 billionMarch 31, 1986
Equity to assets-43.1%December 31, 1988
Loans not being repaid48.5%noncurrent, December 31, 1988
Return on assets-13.47%a year's rate, December 31, 1988
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.