The Graveyard › Banks › 1988

Continental S&LA

Bellaire, TX · failed September 26, 1988 · FDIC certificate 30625

Continental S&LA of Bellaire, TX failed on September 26, 1988. It opened on July 10, 1953, 35 years before. At its last report before that it held $363.7 million in assets and $585.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $544.1 million. The FDIC's list gives no estimate of the loss: the FDIC says its figures are not complete for its own cases before 1986 or for FSLIC cases from 1934 to 1988.

1984-031988-06

Assets at the end$363.7 millionlast report before September 26, 1988

Deposits at the end$585.4 million

Estimated loss to the fundnot givenFSLIC

Largest in the quarterly reports$544.1 millionJune 30, 1987

Equity to assets-72.9%June 30, 1988

Loans not being repaid72.1%noncurrent, June 30, 1988

Return on assets-38.68%a year's rate, June 30, 1988

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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.