The Graveyard › Banks › 1988
Hayesville Savings Bank
Hayesville, IA · failed March 10, 1988 · FDIC certificate 8100
Hayesville Savings Bank of Hayesville, IA failed on March 10, 1988. It opened in 1912, 76 years before. At its last report before that it held $38.0 million in assets and $37.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $52.2 million. The FDIC estimates that the FDIC's insurance fund lost $2.0 million on it.
1984-031987-12
Assets at the end$38.0 millionlast report before March 10, 1988
Deposits at the end$37.5 million
Estimated loss to the fund$2.0 millionFDIC
Largest in the quarterly reports$52.2 millionMarch 31, 1985
Equity to assets0.0%December 31, 1987
Loans not being repaid8.7%noncurrent, December 31, 1987
Return on assets-1.51%a year's rate, December 31, 1987
Staff22full time, December 31, 1987
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.