The Graveyard › Banks › 1986

De Vargas S&LA Bank

Santa Fe · assisted September 11, 1986 · FDIC certificate 31615

De Vargas S&LA Bank of Santa Fe was given assistance by the FSLIC on September 11, 1986. The FDIC's list records an assistance transaction, not a closing. It opened in 1971, 15 years before. At its last report before that it held $19.1 million in assets and $16.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $23.8 million. The FDIC estimates that the FSLIC's fund lost $3.4 million on it.

1984-031986-06

Assets at the end$19.1 millionlast report before September 11, 1986

Deposits at the end$16.5 million

Estimated loss to the fund$3.4 millionFSLIC

Largest in the quarterly reports$23.8 millionSeptember 30, 1984

Equity to assets-11.2%June 30, 1986

Loans not being repaid8.6%noncurrent, June 30, 1986

Return on assets-1.18%a year's rate, June 30, 1986

Take today's blind test

Also ended in 1986

Western S&LA · Dallas, TX · $2.0 billion in assets
The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
Mainland S&LA · Houston, TX · $1.0 billion in assets
American Diversified Savings Bank · Costa Mesa · $978.6 million in assets

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.