The Graveyard › Banks › 1989

Sierra S & L Association

Beverly Hills, CA · failed July 20, 1989 · FDIC certificate 32428

Sierra S & L Association of Beverly Hills, CA failed on July 20, 1989. It opened on December 18, 1985, 3 years before. At its last report before that it held $40.7 million in assets and $40.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $87.2 million. The FDIC estimates that the Resolution Trust Corporation lost $11.1 million on it.

1985-121989-06

Assets at the end$40.7 millionlast report before July 20, 1989

Deposits at the end$40.0 million

Estimated loss to the fund$11.1 millionRTC

Largest in the quarterly reports$87.2 millionDecember 31, 1987

Equity to assets-2.3%June 30, 1989

Loans not being repaid0.0%noncurrent, June 30, 1989

Return on assets-4.43%a year's rate, June 30, 1989

On the FDIC's list: SIERRA S & L ASSOC..

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Also ended in 1989

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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.