The Graveyard › Banks › 1985
State S&LA of Lubbock
Lubbock · assisted December 20, 1985 · FDIC certificate 31117
State S&LA of Lubbock of Lubbock was given assistance by the FSLIC on December 20, 1985. The FDIC's list records an assistance transaction, not a closing. It opened on December 3, 1959, 26 years before. At its last report before that it held $841.6 million in assets and $815.0 million in deposits. The FDIC estimates that the FSLIC's fund lost $1.1 billion on it.
1984-031985-09
Assets at the end$841.6 millionlast report before December 20, 1985
Deposits at the end$815.0 million
Estimated loss to the fund$1.1 billionFSLIC
Largest in the quarterly reports$868.1 millionMarch 31, 1985
Equity to assets-14.9%September 30, 1985
Loans not being repaid97.9%noncurrent, September 30, 1985
Return on assets-1.96%a year's rate, September 30, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 billion in assets
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.