The Graveyard › Banks › 1988

Frontier Federal Savings Bank

Dyersburg · assisted June 6, 1988 · FDIC certificate 29402

Frontier Federal Savings Bank of Dyersburg was given assistance by the FSLIC on June 6, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on March 1, 1935, 53 years before. At its last report before that it held $43.7 million in assets and $42.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $57.3 million. The FDIC estimates that the FSLIC's fund lost $11.0 million on it.

1984-031988-03

Assets at the end$43.7 millionlast report before June 6, 1988

Deposits at the end$42.5 million

Estimated loss to the fund$11.0 millionFSLIC

Largest in the quarterly reports$57.3 millionJune 30, 1984

Equity to assets-10.2%March 31, 1988

Loans not being repaid4.3%noncurrent, March 31, 1988

Return on assets-8.74%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.