The Graveyard › Banks › 1989
St. Tammany National Bank
Mandeville, LA · failed April 6, 1989 · FDIC certificate 23389
St. Tammany National Bank of Mandeville, LA failed on April 6, 1989. It opened on March 12, 1981, 8 years before. At its last report before that it held $47.1 million in assets and $44.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $72.8 million. The FDIC estimates that the FDIC's insurance fund lost $5.8 million on it.
1984-031989-03
Assets at the end$47.1 millionlast report before April 6, 1989
Deposits at the end$44.7 million
Estimated loss to the fund$5.8 millionFDIC
Largest in the quarterly reports$72.8 millionJune 30, 1986
Equity to assets-3.5%March 31, 1989
Loans not being repaid8.3%noncurrent, March 31, 1989
Return on assets-4.30%a year's rate, March 31, 1989
Staff45full time, March 31, 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.