The Graveyard › Banks › 1989
Seasons Federal Savings Bank
Richmond, VA · failed October 19, 1989 · FDIC certificate 31682
Seasons Federal Savings Bank of Richmond, VA failed on October 19, 1989. It opened in 1972, 17 years before. At its last report before that it held $260.8 million in assets and $213.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $322.6 million. The FDIC estimates that the Resolution Trust Corporation lost $49.4 million on it.
1984-031989-09
Assets at the end$260.8 millionlast report before October 19, 1989
Deposits at the end$213.7 million
Estimated loss to the fund$49.4 millionRTC
Largest in the quarterly reports$322.6 millionJune 30, 1986
Equity to assets-0.8%September 30, 1989
Loans not being repaid2.5%noncurrent, September 30, 1989
Return on assets-2.52%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.