The Graveyard › Banks › 1989

Surety Federal Savings Association

El Paso, TX · failed October 19, 1989 · FDIC certificate 31397

Surety Federal Savings Association of El Paso, TX failed on October 19, 1989. It opened on October 11, 1963, 26 years before. At its last report before that it held $291.0 million in assets and $244.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $316.2 million. The FDIC estimates that the Resolution Trust Corporation lost $69.2 million on it.

1984-031989-09

Assets at the end$291.0 millionlast report before October 19, 1989

Deposits at the end$244.5 million

Estimated loss to the fund$69.2 millionRTC

Largest in the quarterly reports$316.2 millionDecember 31, 1986

Equity to assets-5.0%September 30, 1989

Loans not being repaid10.7%noncurrent, September 30, 1989

Return on assets-4.65%a year's rate, September 30, 1989

On the FDIC's list: SURETY FEDERAL SAVINGS ASSOC..

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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.