The Graveyard › Banks › 1988

Traders Fs&La

Parkersburg · assisted February 10, 1988 · FDIC certificate 29246

Traders Fs&La of Parkersburg was given assistance by the FSLIC on February 10, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on December 1, 1934, 53 years before. At its last report before that it held $68.5 million in assets and $73.1 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $78.0 million. The FDIC estimates that the FSLIC's fund lost $18.9 million on it.

1984-031987-12

Assets at the end$68.5 millionlast report before February 10, 1988

Deposits at the end$73.1 million

Estimated loss to the fund$18.9 millionFSLIC

Largest in the quarterly reports$78.0 millionMarch 31, 1987

Equity to assets-8.3%December 31, 1987

Loans not being repaid14.6%noncurrent, December 31, 1987

Return on assets-5.15%a year's rate, December 31, 1987

Could you have seen it coming? Play Black Monday

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.