The Graveyard › Banks › 1988
Territory S&LA
Seminole, OK · failed January 29, 1988 · FDIC certificate 32118
Territory S&LA of Seminole, OK failed on January 29, 1988. It opened on March 18, 1982, 5 years before. At its last report before that it held $31.2 million in assets and $67.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $49.8 million. The FDIC estimates that the FSLIC's fund lost $49.9 million on it.
1984-031987-12
Assets at the end$31.2 millionlast report before January 29, 1988
Deposits at the end$67.9 million
Estimated loss to the fund$49.9 millionFSLIC
Largest in the quarterly reports$49.8 millionJune 30, 1985
Equity to assets-134.1%December 31, 1987
Loans not being repaid40.1%noncurrent, December 31, 1987
Return on assets-32.14%a year's rate, December 31, 1987
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.