The Graveyard › Banks › 1988
Briercroft Savings Association
Austin · assisted May 18, 1988 · FDIC certificate 30641
Briercroft Savings Association of Austin was given assistance by the FSLIC on May 18, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on October 1, 1953, 34 years before. At its last report before that it held $867.5 million in assets and $658.6 million in deposits. The FDIC estimates that the FSLIC's fund lost $222.4 million on it.
1984-031988-03
Assets at the end$867.5 millionlast report before May 18, 1988
Deposits at the end$658.6 million
Estimated loss to the fund$222.4 millionFSLIC
Largest in the quarterly reports$867.5 millionMarch 31, 1988
Equity to assets-2.7%March 31, 1988
Loans not being repaid15.2%noncurrent, March 31, 1988
Return on assets-3.93%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.