The Graveyard › Banks › 1988
Caribank
Dania, FL · failed December 9, 1988 · FDIC certificate 143
Caribank of Dania, FL failed on December 9, 1988. It opened on August 2, 1926, 62 years before. At its last report before that it held $525.8 million in assets and $523.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $645.8 million. The FDIC estimates that the FDIC's insurance fund lost $39.0 million on it.
1984-031988-09
Assets at the end$525.8 millionlast report before December 9, 1988
Deposits at the end$523.0 million
Estimated loss to the fund$39.0 millionFDIC
Largest in the quarterly reports$645.8 millionDecember 31, 1986
Equity to assets-3.2%September 30, 1988
Loans not being repaid45.0%noncurrent, September 30, 1988
Return on assets-9.46%a year's rate, September 30, 1988
Staff374full time, September 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.