The Graveyard › Banks › 1989
University Federal Savings
Houston, TX · failed February 14, 1989 · FDIC certificate 30685
University Federal Savings of Houston, TX failed on February 14, 1989. It opened on April 20, 1954, 34 years before. At its last report before that it held $4.5 billion in assets and $3.8 billion in deposits. The FDIC estimates that the Resolution Trust Corporation lost $2.2 billion on it.
1984-031988-12
Assets at the end$4.5 billionlast report before February 14, 1989
Deposits at the end$3.8 billion
Estimated loss to the fund$2.2 billionRTC
Largest in the quarterly reports$4.6 billionSeptember 30, 1988
Equity to assets-6.7%December 31, 1988
Loans not being repaid20.9%noncurrent, December 31, 1988
Return on assets-7.49%a year's rate, 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
- Bright Banc · Dallas, TX · $4.4 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.