The Graveyard › Banks › 1989
Unifirst Bank for Savings
Jackson, MS · failed August 10, 1989 · FDIC certificate 29076
Unifirst Bank for Savings of Jackson, MS failed on August 10, 1989. It opened on August 1, 1934, 55 years before. At its last report before that it held $738.3 million in assets and $606.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $824.0 million. The FDIC estimates that the Resolution Trust Corporation lost $59.1 million on it.
1984-031989-06
Assets at the end$738.3 millionlast report before August 10, 1989
Deposits at the end$606.8 million
Estimated loss to the fund$59.1 millionRTC
Largest in the quarterly reports$824.0 millionDecember 31, 1986
Equity to assets-8.9%June 30, 1989
Loans not being repaid4.4%noncurrent, June 30, 1989
Return on assets-12.53%a year's rate, 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.