The Graveyard › Banks › 1988
Cyprus SA
Plantation, FL · failed November 10, 1988 · FDIC certificate 32109
Cyprus SA of Plantation, FL failed on November 10, 1988. It opened on December 22, 1981, 6 years before. At its last report before that it held $172.8 million in assets and $203.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $211.7 million. The FDIC estimates that the FSLIC's fund lost $98.9 million on it.
1984-031988-09
Assets at the end$172.8 millionlast report before November 10, 1988
Deposits at the end$203.7 million
Estimated loss to the fund$98.9 millionFSLIC
Largest in the quarterly reports$211.7 millionSeptember 30, 1987
Equity to assets-19.7%September 30, 1988
Loans not being repaid54.6%noncurrent, September 30, 1988
Return on assets-13.50%a year's rate, 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.