The Graveyard › Banks › 1989
Sun State Savings & Loan
Phoenix, AZ · failed June 14, 1989 · FDIC certificate 31997
Sun State Savings & Loan of Phoenix, AZ failed on June 14, 1989. It opened in 1979, 10 years before. At its last report before that it held $1.0 billion in assets and $892.9 million in deposits. The FDIC estimates that the Resolution Trust Corporation lost $443.6 million on it.
1984-031989-03
Assets at the end$1.0 billionlast report before June 14, 1989
Deposits at the end$892.9 million
Estimated loss to the fund$443.6 millionRTC
Largest in the quarterly reports$1.1 billionSeptember 30, 1988
Equity to assets-2.5%March 31, 1989
Loans not being repaid9.6%noncurrent, March 31, 1989
Return on assets-3.37%a year's rate, 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.