The Graveyard › Banks › 1988

Colonial Thrift and Loan Association

Culver City, CA · failed April 15, 1988 · FDIC certificate 26701

Colonial Thrift and Loan Association of Culver City, CA failed on April 15, 1988. It opened on November 1, 1980, 7 years before. At its last report before that it held $26.8 million in assets and $24.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $29.5 million. The FDIC estimates that the FDIC's insurance fund lost $4.6 million on it.

1986-061987-12

Assets at the end$26.8 millionlast report before April 15, 1988

Deposits at the end$24.0 million

Estimated loss to the fund$4.6 millionFDIC

Largest in the quarterly reports$29.5 millionSeptember 30, 1987

Equity to assets1.1%December 31, 1987

Loans not being repaid11.7%noncurrent, December 31, 1987

Return on assets-4.71%a year's rate, December 31, 1987

Staff22full time, December 31, 1987

On the FDIC's list: COLONIAL THRIFT & LOAN ASSOCIATION.

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.