The Graveyard › Banks › 1989
The Planters Bank & Trust Company
Haynesville, LA · failed January 19, 1989 · FDIC certificate 12718
The Planters Bank & Trust Company of Haynesville, LA failed on January 19, 1989. It opened on July 10, 1908, 80 years before. At its last report before that it held $57.3 million in assets and $57.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $75.0 million. The FDIC estimates that the FDIC's insurance fund lost $10.2 million on it.
1984-031988-12
Assets at the end$57.3 millionlast report before January 19, 1989
Deposits at the end$57.9 million
Estimated loss to the fund$10.2 millionFDIC
Largest in the quarterly reports$75.0 millionJune 30, 1986
Equity to assets-2.1%December 31, 1988
Loans not being repaid10.0%noncurrent, December 31, 1988
Return on assets-3.12%a year's rate, December 31, 1988
Staff30full time, December 31, 1988
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.