The Graveyard › Banks › 1988
First Fs&La
Elk City, OK · failed August 31, 1988 · FDIC certificate 28648
First Fs&La of Elk City, OK failed on August 31, 1988. It opened in 1920, 68 years before. At its last report before that it held $106.7 million in assets and $133.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $145.5 million. The FDIC estimates that the FSLIC's fund lost $95.0 million on it.
1984-031988-06
Assets at the end$106.7 millionlast report before August 31, 1988
Deposits at the end$133.0 million
Estimated loss to the fund$95.0 millionFSLIC
Largest in the quarterly reports$145.5 millionMarch 31, 1986
Equity to assets-31.2%June 30, 1988
Loans not being repaid32.3%noncurrent, June 30, 1988
Return on assets-10.42%a year's rate, June 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.