The Graveyard › Banks › 1985
Westside Fs&La
Seattle, WA · failed August 30, 1985 · FDIC certificate 28124
Westside Fs&La of Seattle, WA failed on August 30, 1985. It opened in 1925, 60 years before. At its last report before that it held $378.4 million in assets and $325.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $423.6 million. The FDIC estimates that the FSLIC's fund lost $100.8 million on it.
1984-031985-06
Assets at the end$378.4 millionlast report before August 30, 1985
Deposits at the end$325.1 million
Estimated loss to the fund$100.8 millionFSLIC
Largest in the quarterly reports$423.6 millionSeptember 30, 1984
Equity to assets0.4%June 30, 1985
Loans not being repaid0.9%noncurrent, June 30, 1985
Return on assets-4.82%a year's rate, June 30, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 billion in assets
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.