The Graveyard › Banks › 1988
First Federal of Shawnee
Shawnee, OK · failed April 8, 1988 · FDIC certificate 28456
First Federal of Shawnee of Shawnee, OK failed on April 8, 1988. It opened in 1912, 76 years before. At its last report before that it held $130.7 million in assets and $142.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $168.5 million. The FDIC estimates that the FSLIC's fund lost $54.1 million on it.
1984-031988-03
Assets at the end$130.7 millionlast report before April 8, 1988
Deposits at the end$142.4 million
Estimated loss to the fund$54.1 millionFSLIC
Largest in the quarterly reports$168.5 millionJune 30, 1985
Equity to assets-23.2%March 31, 1988
Loans not being repaid32.6%noncurrent, March 31, 1988
Return on assets-18.08%a year's rate, March 31, 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.