The Graveyard › Banks › 1988
Pisgah Savings Bank
Pisgah, IA · failed September 1, 1988 · FDIC certificate 14483
Pisgah Savings Bank of Pisgah, IA failed on September 1, 1988. It opened on March 1, 1905, 83 years before. At its last report before that it held $9.7 million in assets and $9.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $10.5 million. The FDIC estimates that the FDIC's insurance fund lost $3.0 million on it.
1984-031988-06
Assets at the end$9.7 millionlast report before September 1, 1988
Deposits at the end$9.3 million
Estimated loss to the fund$3.0 millionFDIC
Largest in the quarterly reports$10.5 millionMarch 31, 1987
Equity to assets2.8%June 30, 1988
Loans not being repaid12.6%noncurrent, June 30, 1988
Return on assets-8.66%a year's rate, June 30, 1988
Staff4full time, 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.