The Graveyard › Banks › 1990

Western Empire Fs & La

Yorba Linda, CA · failed February 16, 1990 · FDIC certificate 32101

Western Empire Fs & La of Yorba Linda, CA failed on February 16, 1990. It opened on September 18, 1981, 8 years before. At its last report before that it held $406.6 million in assets and $318.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $567.8 million. The FDIC estimates that the Resolution Trust Corporation lost $26.5 million on it.

1984-031989-12

Assets at the end$406.6 millionlast report before February 16, 1990

Deposits at the end$318.5 million

Estimated loss to the fund$26.5 millionRTC

Largest in the quarterly reports$567.8 millionSeptember 30, 1989

Equity to assets0.0%December 31, 1989

Loans not being repaid16.1%noncurrent, December 31, 1989

Return on assets-3.28%a year's rate, December 31, 1989

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Also ended in 1990

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Merabank FSB · Phoenix, AZ · $6.3 billion in assets
Southwest Savings Association · Dallas, TX · $5.3 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.