The Graveyard › Banks › 1989
The LaSalle State Bank
Jena, LA · failed September 7, 1989 · FDIC certificate 8805
The LaSalle State Bank of Jena, LA failed on September 7, 1989. It opened on March 5, 1925, 64 years before. At its last report before that it held $38.8 million in assets and $37.1 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $49.3 million. The FDIC estimates that the Bank Insurance Fund lost $630,676 on it.
1984-031989-06
Assets at the end$38.8 millionlast report before September 7, 1989
Deposits at the end$37.1 million
Estimated loss to the fund$630,676BIF
Largest in the quarterly reports$49.3 millionMarch 31, 1985
Equity to assets3.0%June 30, 1989
Loans not being repaid13.1%noncurrent, June 30, 1989
Return on assets-1.18%a year's rate, June 30, 1989
Staff32full time, June 30, 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.