The Graveyard › Banks › 1988
Olney Savings Association
Olney · assisted October 14, 1988 · FDIC certificate 27636
Olney Savings Association of Olney was given assistance by the FSLIC on October 14, 1988. The FDIC's list records an assistance transaction, not a closing. It opened in 1927, 61 years before. At its last report before that it held $1.3 billion in assets and $880.9 million in deposits. The FDIC estimates that the FSLIC's fund lost $727.1 million on it.
1984-031988-09
Assets at the end$1.3 billionlast report before October 14, 1988
Deposits at the end$880.9 million
Estimated loss to the fund$727.1 millionFSLIC
Largest in the quarterly reports$1.4 billionJune 30, 1988
Equity to assets-3.7%September 30, 1988
Loans not being repaid25.9%noncurrent, September 30, 1988
Return on assets-8.02%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.