The Graveyard › Banks › 1988
The Bank of Westminster
Westminster, CO · failed June 22, 1988 · FDIC certificate 23942
The Bank of Westminster of Westminster, CO failed on June 22, 1988. It opened on July 30, 1982, 5 years before. At its last report before that it held $6.5 million in assets and $6.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $13.7 million. The FDIC estimates that the FDIC's insurance fund lost $80,613 on it.
1984-031988-03
Assets at the end$6.5 millionlast report before June 22, 1988
Deposits at the end$6.6 million
Estimated loss to the fund$80,613FDIC
Largest in the quarterly reports$13.7 millionDecember 31, 1985
Equity to assets-2.2%March 31, 1988
Loans not being repaid11.8%noncurrent, March 31, 1988
Return on assets-8.11%a year's rate, March 31, 1988
Staff13full time, March 31, 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.