Western Savings and Loan Association
Phoenix, AZ
$5.7B
total assets, March 31, 1989
$5.7B
total assets, March 31, 1989
Western Savings and Loan Association was a savings and loan in Phoenix, AZ. It failed on Jun 14, 1989, and Bank Of America, Az took over its deposits. At its last report it held $5.7 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- Jun 14, 1989
- Assets
- $5.7B
- Deposits
- $4.1B
- Estimated cost
- $2.1B
- Deposits went to
- Bank Of America, Az, Phoenix, AZ
Total assets
$5.7B
-12.0% in a year · +1.1% in a quarter
Deposits
$4.1B
-12.6% in a year · -1.1% in a quarter
Loans
$2.7B
-13.3% in a year · -6.0% in a quarter
Profit so far
-$99.8M
Jan 1 to Mar 31, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-7.09%
-6.97 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 3443 North Central Avenue, Phoenix, AZ, 85012
- County
- Maricopa
- Established
- Jan 1, 1929
- Failed
- Jun 14, 1989
- Id
- b28597
Quarter by quarter
March 31, 1984 to March 31, 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 Western Savings and Loan Association?
$5.7 billion in total assets and $4.1 billion in deposits as of March 31, 1989, with assets down 12.0% from a year before. Its loans were $2.7 billion.
Is Western Savings and Loan Association profitable?
No: it lost $99.8 million from January 1 to March 31, 1989. Its return on assets was -7.09% a year; about 1% is typical.
When did Western Savings and Loan Association fail?
Jun 14, 1989. Bank Of America, Az of Phoenix, AZ took over its deposits. The estimated cost of the failure was $2.1 billion.
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.