The Graveyard › Banks › 1988

United Bank Alaska

Anchorage · assisted January 28, 1988 · FDIC certificate 22183

United Bank Alaska of Anchorage was given assistance by the FDIC on January 28, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on December 22, 1975, 12 years before. At its last report before that it held $314.3 million in assets and $368.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $471.0 million. The FDIC estimates that the FDIC's insurance fund lost $170.7 million on it.

1984-031987-09

Assets at the end$314.3 millionlast report before January 28, 1988

Deposits at the end$368.3 million

Estimated loss to the fund$170.7 millionFDIC

Largest in the quarterly reports$471.0 millionJune 30, 1986

Equity to assets-27.5%September 30, 1987

Loans not being repaid33.2%noncurrent, September 30, 1987

Return on assets-30.35%a year's rate, September 30, 1987

Staff161full time, September 30, 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.