The Graveyard › Banks › 1988
American Fs&La
Anderson, IN · failed April 29, 1988 · FDIC certificate 27844
American Fs&La of Anderson, IN failed on April 29, 1988. It opened in 1925, 63 years before. At its last report before that it held $145.8 million in assets and $194.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $249.1 million. The FDIC estimates that the FSLIC's fund lost $41.5 million on it.
1984-031988-03
Assets at the end$145.8 millionlast report before April 29, 1988
Deposits at the end$194.5 million
Estimated loss to the fund$41.5 millionFSLIC
Largest in the quarterly reports$249.1 millionDecember 31, 1984
Equity to assets-33.9%March 31, 1988
Loans not being repaid20.2%noncurrent, March 31, 1988
Return on assets-20.26%a year's rate, March 31, 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.