The Graveyard › Banks › 1988

Westlake Thrift and Loan Association

Westlake Village, CA · failed July 29, 1988 · FDIC certificate 26315

Westlake Thrift and Loan Association of Westlake Village, CA failed on July 29, 1988. It opened on October 20, 1983, 4 years before. At its last report before that it held $55.2 million in assets and $51.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $82.7 million. The FDIC estimates that the FDIC's insurance fund lost $7.7 million on it.

1985-091988-03

Assets at the end$55.2 millionlast report before July 29, 1988

Deposits at the end$51.2 million

Estimated loss to the fund$7.7 millionFDIC

Largest in the quarterly reports$82.7 millionJune 30, 1987

Equity to assets3.6%March 31, 1988

Loans not being repaid14.9%noncurrent, March 31, 1988

Return on assets-2.37%a year's rate, March 31, 1988

Staff78full time, March 31, 1988

On the FDIC's list: WESTLAKE THRIFT & LOAN ASSOCIATION.

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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.