The Graveyard › Banks › 1989
Valley Federal Savings
Mcallen, TX · failed October 19, 1989 · FDIC certificate 29183
Valley Federal Savings of Mcallen, TX failed on October 19, 1989. It opened on October 1, 1934, 55 years before. At its last report before that it held $517.1 million in assets and $542.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $658.3 million. The FDIC estimates that the Resolution Trust Corporation lost $235.3 million on it.
1984-031989-09
Assets at the end$517.1 millionlast report before October 19, 1989
Deposits at the end$542.9 million
Estimated loss to the fund$235.3 millionRTC
Largest in the quarterly reports$658.3 millionMarch 31, 1986
Equity to assets-10.3%September 30, 1989
Loans not being repaid31.6%noncurrent, September 30, 1989
Return on assets-13.24%a year's rate, September 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.