The Graveyard › Banks › 1989

South S & L Association

Slidell, LA · failed August 7, 1989 · FDIC certificate 29832

South S & L Association of Slidell, LA failed on August 7, 1989. It opened in 1909, 80 years before. At its last report before that it held $267.4 million in assets and $235.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $331.0 million. The FDIC estimates that the Resolution Trust Corporation lost $86.8 million on it.

1984-031989-06

Assets at the end$267.4 millionlast report before August 7, 1989

Deposits at the end$235.9 million

Estimated loss to the fund$86.8 millionRTC

Largest in the quarterly reports$331.0 millionMarch 31, 1986

Equity to assets-7.3%June 30, 1989

Loans not being repaid16.3%noncurrent, June 30, 1989

Return on assets-3.30%a year's rate, June 30, 1989

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

Take today's blind test

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.