The Graveyard › Banks › 1988
Universal S&LA
Scottsdale, AZ · failed May 24, 1988 · FDIC certificate 32034
Universal S&LA of Scottsdale, AZ failed on May 24, 1988. It opened in 1979, 9 years before. At its last report before that it held $116.8 million in assets and $114.8 million in deposits. The FDIC's list gives no estimate of the loss: the FDIC says its figures are not complete for its own cases before 1986 or for FSLIC cases from 1934 to 1988.
1984-031988-03
Assets at the end$116.8 millionlast report before May 24, 1988
Deposits at the end$114.8 million
Estimated loss to the fundnot givenFSLIC
Largest in the quarterly reports$121.5 millionDecember 31, 1986
Equity to assets1.0%March 31, 1988
Loans not being repaid31.2%noncurrent, March 31, 1988
Return on assets-3.36%a year's rate, 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.