The Graveyard › Banks › 1988

Peoples Fs&La

Waterloo · assisted March 11, 1988 · FDIC certificate 30818

Peoples Fs&La of Waterloo was given assistance by the FSLIC on March 11, 1988. The FDIC's list records an assistance transaction, not a closing. It opened in 1879, 109 years before. At its last report before that it held $151.3 million in assets and $139.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $168.2 million. The FDIC estimates that the FSLIC's fund lost $27.1 million on it.

1984-031987-12

Assets at the end$151.3 millionlast report before March 11, 1988

Deposits at the end$139.2 million

Estimated loss to the fund$27.1 millionFSLIC

Largest in the quarterly reports$168.2 millionDecember 31, 1984

Equity to assets-2.4%December 31, 1987

Loans not being repaid14.8%noncurrent, December 31, 1987

Return on assets-2.78%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.