The Graveyard › Banks › 1988
Silverado S&LA
Denver, CO · failed December 9, 1988 · FDIC certificate 30760
Silverado S&LA of Denver, CO failed on December 9, 1988. It opened in 1955, 33 years before. At its last report before that it held $2.3 billion in assets and $1.8 billion in deposits. The FDIC estimates that the FSLIC's fund lost $1.3 billion on it.
1984-031988-09
Assets at the end$2.3 billionlast report before December 9, 1988
Deposits at the end$1.8 billion
Estimated loss to the fund$1.3 billionFSLIC
Largest in the quarterly reports$2.3 billionMarch 31, 1988
Equity to assets-8.0%September 30, 1988
Loans not being repaid25.6%noncurrent, September 30, 1988
Return on assets-12.18%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.