The Graveyard › Banks › 1987

Western S&LA

Salt Lake City · assisted March 24, 1987 · FDIC certificate 30681

Western S&LA of Salt Lake City was given assistance by the FSLIC on March 24, 1987. The FDIC's list records an assistance transaction, not a closing. It opened in 1892, 95 years before. At its last report before that it held $392.7 million in assets and $360.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $513.7 million. The FDIC estimates that the FSLIC's fund lost $478,000 on it.

1984-031986-12

Assets at the end$392.7 millionlast report before March 24, 1987

Deposits at the end$360.8 million

Estimated loss to the fund$478,000FSLIC

Largest in the quarterly reports$513.7 millionMarch 31, 1986

Equity to assets-6.9%December 31, 1986

Loans not being repaid23.2%noncurrent, December 31, 1986

Return on assets-9.20%a year's rate, December 31, 1986

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Also ended in 1987

Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
Freedom S&LA · Tampa, FL · $1.9 billion in assets
Vernon S&LA · Vernon, TX · $1.3 billion in assets
Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
Independent American SA · Irving, TX · $1.0 billion in assets
First Financial Bank, FSB · New Orleans · $744.9 million 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.