The Graveyard › Banks › 1989

The Guardian Fed. S & L Association

Bakersfield, CA · failed June 29, 1989 · FDIC certificate 32142

The Guardian Fed. S & L Association of Bakersfield, CA failed on June 29, 1989. It opened in 1980, 9 years before. At its last report before that it held $29.4 million in assets and $28.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $31.3 million. The FDIC estimates that the Resolution Trust Corporation lost $11.7 million on it.

1984-031989-03

Assets at the end$29.4 millionlast report before June 29, 1989

Deposits at the end$28.6 million

Estimated loss to the fund$11.7 millionRTC

Largest in the quarterly reports$31.3 millionDecember 31, 1988

Equity to assets-0.8%March 31, 1989

Loans not being repaid4.2%noncurrent, March 31, 1989

Return on assets-13.97%a year's rate, March 31, 1989

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

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Also ended in 1989

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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.