The Graveyard › Banks › 1988

Mountainwest S&LA

Ogden, UT · failed September 21, 1988 · FDIC certificate 28118

Mountainwest S&LA of Ogden, UT failed on September 21, 1988. It opened in 1922, 66 years before. At its last report before that it held $284.5 million in assets and $262.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $362.9 million. The FDIC's list gives no estimate of the loss: the FDIC says its figures are not complete for its own cases before 1986 or for FSLIC cases from 1934 to 1988.

1984-031988-06

Assets at the end$284.5 millionlast report before September 21, 1988

Deposits at the end$262.3 million

Estimated loss to the fundnot givenFSLIC

Largest in the quarterly reports$362.9 millionDecember 31, 1984

Equity to assets-5.7%June 30, 1988

Loans not being repaid18.8%noncurrent, June 30, 1988

Return on assets-5.44%a year's rate, June 30, 1988

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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.