The Graveyard › Banks › 1988
Alaska Continental Bank
Anchorage, AK · failed August 3, 1988 · FDIC certificate 24139
Alaska Continental Bank of Anchorage, AK failed on August 3, 1988. It opened on December 1, 1982, 5 years before. At its last report before that it held $51.5 million in assets and $52.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $57.7 million. The FDIC estimates that the FDIC's insurance fund lost $20.5 million on it.
1984-031988-06
Assets at the end$51.5 millionlast report before August 3, 1988
Deposits at the end$52.3 million
Estimated loss to the fund$20.5 millionFDIC
Largest in the quarterly reports$57.7 millionJune 30, 1986
Equity to assets-2.9%June 30, 1988
Loans not being repaid14.6%noncurrent, June 30, 1988
Return on assets-11.27%a year's rate, June 30, 1988
Staff46full time, June 30, 1988
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.