The Graveyard › Banks › 1988
Gibraltar SA
Houston · assisted December 27, 1988 · FDIC certificate 27653
Gibraltar SA of Houston was given assistance by the FSLIC on December 27, 1988. The FDIC's list records an assistance transaction, not a closing. It opened in 1921, 67 years before. At its last report before that it held $6.5 billion in assets and $4.6 billion in deposits. The FDIC estimates that the FSLIC's fund lost $2.9 billion on it.
1984-031988-09
Assets at the end$6.5 billionlast report before December 27, 1988
Deposits at the end$4.6 billion
Estimated loss to the fund$2.9 billionFSLIC
Largest in the quarterly reports$6.5 billionSeptember 30, 1988
Equity to assets1.3%September 30, 1988
Loans not being repaid32.6%noncurrent, September 30, 1988
Return on assets-3.39%a year's rate, September 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
- 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
- Columbia Fs&La · Englewood · $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.