The Graveyard › Banks › 1985

Heights Savings Association

Houston · assisted September 6, 1985 · FDIC certificate 30676

Heights Savings Association of Houston was given assistance by the FSLIC on September 6, 1985. The FDIC's list records an assistance transaction, not a closing. It opened on April 26, 1954, 31 years before. At its last report before that it held $436.5 million in assets and $422.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $478.7 million. The FDIC estimates that the FSLIC's fund lost $738.9 million on it.

1984-031985-06

Assets at the end$436.5 millionlast report before September 6, 1985

Deposits at the end$422.0 million

Estimated loss to the fund$738.9 millionFSLIC

Largest in the quarterly reports$478.7 millionDecember 31, 1984

Equity to assets-9.2%June 30, 1985

Loans not being repaid13.0%noncurrent, June 30, 1985

Return on assets-4.51%a year's rate, June 30, 1985

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Also ended in 1985

Bowery Savings Bank · New York · $5.3 billion in assets · assisted
Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
Central S&LA · San Diego · $2.3 billion in assets · assisted
Bell S&LA · San Mateo · $1.6 billion in assets · assisted
Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
Sunrise, S&LA · Lake Worth, FL · $1.5 billion 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.