The Graveyard › Banks › 1988

Guaranty Fs&La

Dallas · assisted September 30, 1988 · FDIC certificate 32264

Guaranty Fs&La of Dallas was given assistance by the FSLIC on September 30, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on September 11, 1984, 4 years before. At its last report before that it held $2.0 billion in assets and $2.3 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $3.0 billion. The FDIC estimates that the FSLIC's fund lost $2.1 billion on it.

1985-031988-06

Assets at the end$2.0 billionlast report before September 30, 1988

Deposits at the end$2.3 billion

Estimated loss to the fund$2.1 billionFSLIC

Largest in the quarterly reports$3.0 billionDecember 31, 1987

Equity to assets-42.0%June 30, 1988

Loans not being repaid33.9%noncurrent, June 30, 1988

Return on assets-58.69%a year's rate, June 30, 1988

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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.