The Graveyard › Banks › 1988
Heritage S&LA
Elk City, OK · failed August 31, 1988 · FDIC certificate 31988
Heritage S&LA of Elk City, OK failed on August 31, 1988. It opened on October 22, 1979, 8 years before. At its last report before that it held $80.8 million in assets and $90.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $102.9 million. The FDIC estimates that the FSLIC's fund lost $82.7 million on it.
1984-031988-06
Assets at the end$80.8 millionlast report before August 31, 1988
Deposits at the end$90.2 million
Estimated loss to the fund$82.7 millionFSLIC
Largest in the quarterly reports$102.9 millionSeptember 30, 1987
Equity to assets-17.8%June 30, 1988
Loans not being repaid55.0%noncurrent, June 30, 1988
Return on assets-16.87%a year's rate, June 30, 1988
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.