The Graveyard › Banks › 1988
Texana S&LA
Texarkana, TX · failed August 19, 1988 · FDIC certificate 31684
Texana S&LA of Texarkana, TX failed on August 19, 1988. It opened in 1973, 15 years before. At its last report before that it held $78.1 million in assets and $75.5 million in deposits. The FDIC estimates that the FSLIC's fund lost $48.1 million on it.
1984-031988-06
Assets at the end$78.1 millionlast report before August 19, 1988
Deposits at the end$75.5 million
Estimated loss to the fund$48.1 millionFSLIC
Largest in the quarterly reports$80.5 millionJune 30, 1985
Equity to assets-9.6%June 30, 1988
Loans not being repaid39.0%noncurrent, June 30, 1988
Return on assets-6.52%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.