The Graveyard › Banks › 1986
Gulf Federal Savings Bank
Metairie · assisted November 21, 1986 · FDIC certificate 31493
Gulf Federal Savings Bank of Metairie was given assistance by the FSLIC on November 21, 1986. The FDIC's list records an assistance transaction, not a closing. It opened on July 22, 1965, 21 years before. At its last report before that it held $499.1 million in assets and $375.1 million in deposits. The FDIC estimates that the FSLIC's fund lost $278.8 million on it.
1984-031986-09
Assets at the end$499.1 millionlast report before November 21, 1986
Deposits at the end$375.1 million
Estimated loss to the fund$278.8 millionFSLIC
Largest in the quarterly reports$499.1 millionSeptember 30, 1986
Equity to assets-0.0%September 30, 1986
Loans not being repaid20.6%noncurrent, September 30, 1986
Return on assets0.13%a year's rate, September 30, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million in assets
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.