The Graveyard › Banks › 1988

Mountain State Fs&La

Clarksburg · assisted February 10, 1988 · FDIC certificate 30823

Mountain State Fs&La of Clarksburg was given assistance by the FSLIC on February 10, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on November 25, 1955, 32 years before. At its last report before that it held $91.4 million in assets and $100.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $107.1 million. The FDIC estimates that the FSLIC's fund lost $21.7 million on it.

1984-031987-12

Assets at the end$91.4 millionlast report before February 10, 1988

Deposits at the end$100.5 million

Estimated loss to the fund$21.7 millionFSLIC

Largest in the quarterly reports$107.1 millionJune 30, 1986

Equity to assets-10.5%December 31, 1987

Loans not being repaid1.0%noncurrent, December 31, 1987

Return on assets0.01%a year's rate, December 31, 1987

Could you have seen it coming? Play Black Monday

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.