The Graveyard › Banks › 1988

First Financial A Savings Association of E

El Paso · assisted June 22, 1988 · FDIC certificate 30983

First Financial A Savings Association of E of El Paso was given assistance by the FSLIC on June 22, 1988. The FDIC's list records an assistance transaction, not a closing. It opened in 1957, 31 years before. At its last report before that it held $325.7 million in assets and $248.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $350.1 million. The FDIC estimates that the FSLIC's fund lost $43.1 million on it.

1984-031988-03

Assets at the end$325.7 millionlast report before June 22, 1988

Deposits at the end$248.1 million

Estimated loss to the fund$43.1 millionFSLIC

Largest in the quarterly reports$350.1 millionJune 30, 1984

Equity to assets-7.0%March 31, 1988

Loans not being repaid24.1%noncurrent, March 31, 1988

Return on assets-7.17%a year's rate, 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.