The Graveyard › Banks › 1988

Perpetual S&LA

Waterloo · assisted March 11, 1988 · FDIC certificate 29982

Perpetual S&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 1890, 98 years before. At its last report before that it held $112.8 million in assets and $110.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $141.0 million. The FDIC estimates that the FSLIC's fund lost $20.9 million on it.

1984-031987-12

Assets at the end$112.8 millionlast report before March 11, 1988

Deposits at the end$110.9 million

Estimated loss to the fund$20.9 millionFSLIC

Largest in the quarterly reports$141.0 millionJune 30, 1984

Equity to assets-9.6%December 31, 1987

Loans not being repaid6.6%noncurrent, December 31, 1987

Return on assets-3.47%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.