The Graveyard › Banks › 1988

First City - Sioux Falls N.A.

Sioux Falls · assisted April 20, 1988 · FDIC certificate 26339

First City - Sioux Falls N.A. of Sioux Falls was given assistance by the FDIC on April 20, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on August 12, 1985, 2 years before. At its last report before that it held $597.7 million in assets and $227.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $713.7 million. The FDIC's list records no loss to the FDIC's insurance fund.

1985-091988-03

Assets at the end$597.7 millionlast report before April 20, 1988

Deposits at the end$227.7 million

Estimated loss to the fundnone recordedFDIC

Largest in the quarterly reports$713.7 millionDecember 31, 1985

Equity to assets13.5%March 31, 1988

Loans not being repaid1.5%noncurrent, March 31, 1988

Return on assets3.60%a year's rate, March 31, 1988

Staff168full time, March 31, 1988

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.