The Graveyard › Banks › 1989

Sooner Federal Savings Association

Tulsa, OK · failed November 16, 1989 · FDIC certificate 28649

Sooner Federal Savings Association of Tulsa, OK failed on November 16, 1989. It opened in 1920, 69 years before. At its last report before that it held $1.5 billion in assets and $1.2 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $1.8 billion. The FDIC estimates that the Resolution Trust Corporation lost $152.8 million on it.

1984-031989-09

Assets at the end$1.5 billionlast report before November 16, 1989

Deposits at the end$1.2 billion

Estimated loss to the fund$152.8 millionRTC

Largest in the quarterly reports$1.8 billionMarch 31, 1989

Equity to assets-5.5%September 30, 1989

Loans not being repaid9.5%noncurrent, September 30, 1989

Return on assets-9.53%a year's rate, September 30, 1989

On the FDIC's list: SOONER FEDERAL SAVINGS ASSOC..

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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.