Freedom Savings and Loan Association, A Federal Savings and Loan Associa
Tampa, FL
$1.0B
total assets, September 30, 1989
$1.0B
total assets, September 30, 1989
Freedom Savings and Loan Association, A Federal Savings and Loan Associa was a savings and loan in Tampa, FL. It failed on Feb 7, 1989, and NCNB NB Of FL took over its deposits. At its last report it held $1.4 billion in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Feb 7, 1989
- Assets
- $1.4B
- Deposits
- $1.1B
- Estimated cost
- $330M
- Deposits went to
- NCNB NB Of FL, Tampa, FL
Total assets
$1.0B
-33.2% in a year · -6.6% in a quarter
Deposits
$1.1B
-3.4% in a year · -0.3% in a quarter
Loans
$664M
-37.5% in a year · -12.8% in a quarter
Profit so far
-$26.0M
Jan 1 to Sep 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-2.88%
+1.68 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 200 Madison Street, Tampa, FL, 33631
- County
- Hillsborough
- Established
- Jul 23, 1987
- Failed
- Oct 13, 1989
- Id
- b32549
Quarter by quarter
September 30, 1987 to September 30, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 9
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Freedom Savings and Loan Association, A Federal Savings and Loan Associa?
$1.0 billion in total assets and $1.1 billion in deposits as of September 30, 1989, with assets down 33.2% from a year before. Its loans were $664.2 million.
Is Freedom Savings and Loan Association, A Federal Savings and Loan Associa profitable?
No: it lost $26.0 million from January 1 to September 30, 1989. Its return on assets was -2.88% a year; about 1% is typical.
When did Freedom Savings and Loan Association, A Federal Savings and Loan Associa fail?
Feb 7, 1989. NCNB NB Of FL of Tampa, FL took over its deposits. The estimated cost of the failure was $329.7 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.