Southwest Savings and Loan Association
Phoenix, AZ
$2.0B
total assets, June 30, 1989
$2.0B
total assets, June 30, 1989
Southwest Savings and Loan Association was a savings and loan in Phoenix, AZ. It failed on Feb 17, 1989, and Security Pacific Bank Az took over its deposits. At its last report it held $2.3 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Feb 17, 1989
- Assets
- $2.3B
- Deposits
- $1.8B
- Estimated cost
- $723M
- Deposits went to
- Security Pacific Bank Az, Phoenix, AZ
Total assets
$2.0B
-19.5% in a year · -6.5% in a quarter
Deposits
$1.7B
-4.8% in a year · +2.0% in a quarter
Loans
$1.3B
-16.8% in a year · -6.3% in a quarter
Profit so far
-$52.0M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-4.92%
-4.39 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 3101 North Central Avenue, Phoenix, AZ, 85012
- County
- Maricopa
- Established
- Jan 1, 1952
- Failed
- Sep 14, 1989
- Id
- b30608
Quarter by quarter
March 31, 1984 to June 30, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Southwest Savings and Loan Association?
$2.0 billion in total assets and $1.7 billion in deposits as of June 30, 1989, with assets down 19.5% from a year before. Its loans were $1.3 billion.
Is Southwest Savings and Loan Association profitable?
No: it lost $52.0 million from January 1 to June 30, 1989. Its return on assets was -4.92% a year; about 1% is typical.
When did Southwest Savings and Loan Association fail?
Feb 17, 1989. Security Pacific Bank Az of Phoenix, AZ took over its deposits. The estimated cost of the failure was $723.2 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.