The Graveyard › Banks › 1989

Sun Savings Association, F. A.

Kansas City · failed February 17, 1989 · FDIC certificate 28698

Sun Savings Association, F. A. of Kansas City failed on February 17, 1989. It opened in 1895, 94 years before. At its last report before that it held $188.8 million in assets and $186.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $216.1 million. The FDIC estimates that the Resolution Trust Corporation lost $66.5 million on it.

1984-031988-12

Assets at the end$188.8 millionlast report before February 17, 1989

Deposits at the end$186.0 million

Estimated loss to the fund$66.5 millionRTC

Largest in the quarterly reports$216.1 millionJune 30, 1987

Equity to assets-12.0%December 31, 1988

Loans not being repaid13.3%noncurrent, December 31, 1988

Return on assets-4.06%a year's rate, December 31, 1988

On the FDIC's list: SUN SAVINGS ASSOCIATION, FA.

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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.