Data / Bank failures / 1989 / Gibraltar Savings Bank, FSB
Gibraltar Savings Bank, FSB, Seattle, WA: failed March 31, 1989
Gibraltar Savings Bank, FSB in Seattle, Washington, failed on March 31, 1989. It held $1.68 billion in assets and $1.37 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $59,301 (0% of its assets). By assets it was the 19th largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- March 31, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $1,684,381,000
- Total deposits
- $1,368,547,000
- Estimated cost to the FDIC
- $59,301 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31392
Other bank failures in Washington, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Family S & La | Seattle | February 8, 1991 | $99.6 million | $60.5 million | $3.6 million | Puget Sound NB |
| Frontier FS & La | Walla Walla | February 23, 1990 | $146.9 million | $120 million | $9,856 | Washington Mutual |
| Community First Fed Savings (assistance) | Vancouver | December 15, 1988 | $386 million | $308.1 million | $73.3 million | American Home Savings A FSB |
| Eastern Washington S&LA (assistance) | Wenatchee | December 14, 1988 | $51.5 million | $32.3 million | $1.1 million | First W FS&LA of Wenatchee |
| First of Longview (assistance) | Longview | August 2, 1988 | $78.1 million | $76.3 million | $13.6 million | First FS&LA |
| Lynnwood S&LA (assistance) | Lynnwood | June 24, 1988 | $24.1 million | $24.9 million | $3.7 million | World S&LA America Fed S&L |
| The Liberty Bank of Seattle | Seattle | June 17, 1988 | $19.1 million | $20.6 million | $8.4 million | Emerald City Bank |
| Tri-Cities Savings and Loan (assistance) | Kennewick | April 11, 1988 | $53.1 million | $43.8 million | $14.2 million | Sterling Savings of Spokane |
All bank failures in 1989 · All bank failures in Washington · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.