The Graveyard › Banks › 1989
Spring Branch S & La
Houston · failed March 9, 1989 · FDIC certificate 30937
Spring Branch S & La of Houston failed on March 9, 1989. It opened in 1956, 33 years before. At its last report before that it held $99.9 million in assets and $148.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $170.3 million. The FDIC estimates that the Resolution Trust Corporation lost $102.5 million on it.
1984-031988-12
Assets at the end$99.9 millionlast report before March 9, 1989
Deposits at the end$148.1 million
Estimated loss to the fund$102.5 millionRTC
Largest in the quarterly reports$170.3 millionJune 30, 1985
Equity to assets-67.5%December 31, 1988
Loans not being repaid8.5%noncurrent, December 31, 1988
Return on assets-9.28%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.