Bank Failure
Assured Thrift and Loan Association
BankRegReports is independent of Assured Thrift and Loan Association and never asks for online banking logins or passwords.
Closed January 3, 1992 · Stockton, CA · FDIC Cert #26493.
- Closing date
- January 3, 1992
- Headquarters
- Stockton, CA
- FDIC Certificate
- 26493
- Total assets at closing
- $48.2M
- Total deposits at closing
- $46.6M
- Estimated loss to the insurance fund
- $21.0M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
Context
On January 3, 1992, regulators closed Assured Thrift and Loan Association, headquartered in Stockton, CA. At closing, the institution held approximately $48.2M in assets and $46.6M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $21.0M.
By assets at closing this is the 1688th largest of the 3,526 bank failures in the FDIC record, and the 122nd of 179 in 1992. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Assured Thrift and Loan Association fail?
Assured Thrift and Loan Association was closed by regulators on January 3, 1992.
How big was Assured Thrift and Loan Association when it failed?
Assured Thrift and Loan Association had approximately $48.2M in total assets and $46.6M in deposits at the time of failure.
Other failures in 1992
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 1992 | The Rushville National Bank | $41.6M |
| Dec 18, 1992 | The Bremen State Bank | $2.7M |
| Dec 11, 1992 | Meritor Savings Bank | $4.13B |
| Dec 11, 1992 | Eastland Savings Bank | $515.3M |
| Dec 11, 1992 | Eastland Bank | $85.4M |
| Dec 11, 1992 | Sailors & Merchants B&T Co. | $34.8M |
| Dec 8, 1992 | Palm Beach FSA | $59.4M |
| Dec 4, 1992 | Carteret FSB | $4.83B |
Explore: all failures · CA bank events · 1992 events · events hub