The Graveyard › Banks › 1987
Gulf Fs&La
Mobile · assisted November 12, 1987 · FDIC certificate 31441
Gulf Fs&La of Mobile was given assistance by the FSLIC on November 12, 1987. The FDIC's list records an assistance transaction, not a closing. It opened in 1963, 24 years before. At its last report before that it held $6.1 million in assets and $6.5 million in deposits. The FDIC estimates that the FSLIC's fund lost $1.3 million on it.
1984-031987-09
Assets at the end$6.1 millionlast report before November 12, 1987
Deposits at the end$6.5 million
Estimated loss to the fund$1.3 millionFSLIC
Equity to assets-7.7%September 30, 1987
Loans not being repaid16.4%noncurrent, September 30, 1987
Return on assets-3.25%a year's rate, September 30, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million 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.