The Graveyard › Banks › 1988

Summit Savings Association

Dallas · assisted August 19, 1988 · FDIC certificate 31641

Summit Savings Association of Dallas was given assistance by the FSLIC on August 19, 1988. The FDIC's list records an assistance transaction, not a closing. It opened in 1972, 16 years before. At its last report before that it held $185.9 million in assets and $320.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $376.6 million. The FDIC estimates that the FSLIC's fund lost $325.2 million on it.

1984-031988-06

Assets at the end$185.9 millionlast report before August 19, 1988

Deposits at the end$320.8 million

Estimated loss to the fund$325.2 millionFSLIC

Largest in the quarterly reports$376.6 millionMarch 31, 1985

Equity to assets-83.2%June 30, 1988

Loans not being repaid44.7%noncurrent, June 30, 1988

Return on assets-8.54%a year's rate, June 30, 1988

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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.