The Graveyard › Banks › 1988
Liberty FSB
Raton, NM · failed October 7, 1988 · FDIC certificate 32189
Liberty FSB of Raton, NM failed on October 7, 1988. It opened on January 25, 1984, 4 years before. At its last report before that it held $130.4 million in assets and $137.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $167.6 million. The FDIC estimates that the FSLIC's fund lost $104.6 million on it.
1984-031988-09
Assets at the end$130.4 millionlast report before October 7, 1988
Deposits at the end$137.8 million
Estimated loss to the fund$104.6 millionFSLIC
Largest in the quarterly reports$167.6 millionJune 30, 1987
Equity to assets-38.2%September 30, 1988
Loans not being repaid44.2%noncurrent, September 30, 1988
Return on assets-32.79%a year's rate, September 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.