The Graveyard › Banks › 1989
The Sterlington Bank
Sterlington, LA · failed July 13, 1989 · FDIC certificate 16839
The Sterlington Bank of Sterlington, LA failed on July 13, 1989. It opened on September 1, 1949, 39 years before. At its last report before that it held $15.2 million in assets and $14.6 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $4.2 million on it.
1984-031989-03
Assets at the end$15.2 millionlast report before July 13, 1989
Deposits at the end$14.6 million
Estimated loss to the fund$4.2 millionFDIC
Equity to assets1.8%March 31, 1989
Loans not being repaid13.2%noncurrent, March 31, 1989
Return on assets0.88%a year's rate, March 31, 1989
Staff14full time, March 31, 1989
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.