The Graveyard › Banks › 1988

Creditbanc Savings Association

Austin · assisted September 30, 1988 · FDIC certificate 30945

Creditbanc Savings Association of Austin was given assistance by the FSLIC on September 30, 1988. The FDIC's list records an assistance transaction, not a closing. It opened in 1956, 32 years before. At its last report before that it held $593.1 million in assets and $718.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $716.2 million. The FDIC estimates that the FSLIC's fund lost $732.1 million on it.

1984-031988-06

Assets at the end$593.1 millionlast report before September 30, 1988

Deposits at the end$718.6 million

Estimated loss to the fund$732.1 millionFSLIC

Largest in the quarterly reports$716.2 millionDecember 31, 1987

Equity to assets-37.4%June 30, 1988

Loans not being repaid60.9%noncurrent, June 30, 1988

Return on assets-54.10%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.