The Graveyard › Banks › 1988
Peoples S&LA
La Grande, OR · failed September 23, 1988 · FDIC certificate 32005
Peoples S&LA of La Grande, OR failed on September 23, 1988. It opened in 1978, 10 years before. At its last report before that it held $22.5 million in assets and $19.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $40.8 million. The FDIC estimates that the FSLIC's fund lost $19.3 million on it.
1984-031988-06
Assets at the end$22.5 millionlast report before September 23, 1988
Deposits at the end$19.8 million
Estimated loss to the fund$19.3 millionFSLIC
Largest in the quarterly reports$40.8 millionJune 30, 1985
Equity to assets-43.0%June 30, 1988
Loans not being repaid30.1%noncurrent, June 30, 1988
Return on assets-7.89%a year's rate, June 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.