The Graveyard › Banks › 1988
Sunbelt Savings Association of Texas
Dallas, TX · failed August 19, 1988 · FDIC certificate 30773
Sunbelt Savings Association of Texas of Dallas, TX failed on August 19, 1988. It opened on August 15, 1955, 33 years before. At its last report before that it held $2.2 billion in assets and $3.3 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $3.5 billion. The FDIC estimates that the FSLIC's fund lost $3.8 billion on it.
1984-031988-06
Assets at the end$2.2 billionlast report before August 19, 1988
Deposits at the end$3.3 billion
Estimated loss to the fund$3.8 billionFSLIC
Largest in the quarterly reports$3.5 billionSeptember 30, 1987
Equity to assets-87.1%June 30, 1988
Loans not being repaid63.3%noncurrent, June 30, 1988
Return on assets-108.53%a year's rate, 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.