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The Garnett S & L Association

Garnett, KS · failed December 7, 1989 · FDIC certificate 29516

The Garnett S & L Association of Garnett, KS failed on December 7, 1989. It opened in 1914, 75 years before. At its last report before that it held $13.6 million in assets and $14.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $23.6 million. The FDIC estimates that the Resolution Trust Corporation lost $794,302 on it.

1984-031989-09

Assets at the end$13.6 millionlast report before December 7, 1989

Deposits at the end$14.5 million

Estimated loss to the fund$794,302RTC

Largest in the quarterly reports$23.6 millionSeptember 30, 1988

Equity to assets-0.3%September 30, 1989

Loans not being repaid1.3%noncurrent, September 30, 1989

Return on assets-3.73%a year's rate, September 30, 1989

On the FDIC's list: THE GARNETT S & L ASSOC..

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Also ended in 1989

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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.