The Graveyard › Banks › 1988
First Fs&La of Hibbing
Hibbing · assisted August 26, 1988 · FDIC certificate 30533
First Fs&La of Hibbing of Hibbing was given assistance by the FSLIC on August 26, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on November 27, 1951, 36 years before. At its last report before that it held $47.3 million in assets and $67.2 million in deposits. The FDIC estimates that the FSLIC's fund lost $32.2 million on it.
1984-031988-06
Assets at the end$47.3 millionlast report before August 26, 1988
Deposits at the end$67.2 million
Estimated loss to the fund$32.2 millionFSLIC
Equity to assets-45.7%June 30, 1988
Loans not being repaid15.5%noncurrent, June 30, 1988
Return on assets-3.18%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.