The Graveyard › Banks › 1988

Alliance S&LA (Houston)

Austin · assisted May 13, 1988 · FDIC certificate 32062

Alliance S&LA (Houston) of Austin was given assistance by the FSLIC on May 13, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on December 1, 1980, 7 years before. At its last report before that it held $103.7 million in assets and $127.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $243.4 million. The FDIC estimates that the FSLIC's fund lost $118.1 million on it.

1984-031988-03

Assets at the end$103.7 millionlast report before May 13, 1988

Deposits at the end$127.6 million

Estimated loss to the fund$118.1 millionFSLIC

Largest in the quarterly reports$243.4 millionMarch 31, 1985

Equity to assets-53.2%March 31, 1988

Loans not being repaid20.5%noncurrent, March 31, 1988

Return on assets-9.59%a year's rate, March 31, 1988

Could you have seen it coming? Play Black Monday

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.