The Graveyard › Banks › 1988
The Liberty Bank of Seattle
Seattle, WA · failed June 17, 1988 · FDIC certificate 19817
The Liberty Bank of Seattle of Seattle, WA failed on June 17, 1988. It opened on May 31, 1968, 20 years before. At its last report before that it held $19.1 million in assets and $20.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $26.0 million. The FDIC estimates that the FDIC's insurance fund lost $8.4 million on it.
1984-031988-03
Assets at the end$19.1 millionlast report before June 17, 1988
Deposits at the end$20.6 million
Estimated loss to the fund$8.4 millionFDIC
Largest in the quarterly reports$26.0 millionJune 30, 1987
Equity to assets-9.6%March 31, 1988
Loans not being repaid16.6%noncurrent, March 31, 1988
Return on assets-40.24%a year's rate, March 31, 1988
Staff18full 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.