The Graveyard › Banks › 1989

Tropical Fs&La

Miami · assisted April 13, 1989 · FDIC certificate 32108

Tropical Fs&La of Miami was given assistance by the FSLIC on April 13, 1989. The FDIC's list records an assistance transaction, not a closing. It opened on December 2, 1981, 7 years before. At its last report before that it held $55.0 million in assets and $61.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $76.5 million. The FDIC estimates that the FSLIC's fund lost $11.9 million on it.

1984-031989-03

Assets at the end$55.0 millionlast report before April 13, 1989

Deposits at the end$61.8 million

Estimated loss to the fund$11.9 millionFSLIC

Largest in the quarterly reports$76.5 millionJune 30, 1986

Equity to assets-20.4%March 31, 1989

Loans not being repaid12.0%noncurrent, March 31, 1989

Return on assets-7.39%a year's rate, March 31, 1989

Take today's blind test

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.