The Graveyard › Banks › 1988

American S&LA

Stockton · assisted September 7, 1988 · FDIC certificate 28559

American S&LA of Stockton was given assistance by the FSLIC on September 7, 1988. The FDIC's list records an assistance transaction, not a closing. It opened in 1922, 66 years before. At its last report before that it held $30.2 billion in assets and $15.4 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $34.1 billion. The FDIC estimates that the FSLIC's fund lost $5.4 billion on it.

1984-031988-06

Assets at the end$30.2 billionlast report before September 7, 1988

Deposits at the end$15.4 billion

Estimated loss to the fund$5.4 billionFSLIC

Largest in the quarterly reports$34.1 billionSeptember 30, 1986

Equity to assets-1.2%June 30, 1988

Loans not being repaid7.7%noncurrent, June 30, 1988

Return on assets-1.63%a year's rate, June 30, 1988

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Also ended in 1988

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
Columbia Fs&La · Englewood · $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.