The Graveyard › Banks › 1987

Whittier Thrift and Loan

Whittier, CA · failed June 12, 1987 · FDIC certificate 26362

Whittier Thrift and Loan of Whittier, CA failed on June 12, 1987. It opened on April 28, 1981, 6 years before. At its last report before that it held $15.2 million in assets and $14.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $25.7 million. The FDIC estimates that the FDIC's insurance fund lost $3.3 million on it.

1985-091987-03

Assets at the end$15.2 millionlast report before June 12, 1987

Deposits at the end$14.4 million

Estimated loss to the fund$3.3 millionFDIC

Largest in the quarterly reports$25.7 millionMarch 31, 1986

Equity to assets4.3%March 31, 1987

Loans not being repaid15.7%noncurrent, March 31, 1987

Return on assets-1.92%a year's rate, March 31, 1987

Staff23full time, March 31, 1987

On the FDIC's list: WHITTIER THRIFT & LOAN.

Could you have seen it coming? Play Black Monday

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.