232 failures · $48.4 billion in assets
Bank failures in 1988
232 insured banks failed in 1988, up from 217 in 1987. Together they reported $48.4 billion in assets, and the FDIC's estimated loss on them is $12.6 billion. The largest was First RepublicBank Dallas, National Association of Dallas, Texas, at $17.1 billion. The costliest for the insurance fund was Sunbelt Savings Association of Texas, at an estimated $3.8 billion. Texas led with 120 failures, ahead of Oklahoma with 34. The FDIC also recorded 238 assistance transactions that year, kept open rather than closed, and listed separately below.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 7, 1988 | Commerce Bank of Plano | Plano, TX | $35.3 million | $23.6 million |
| January 8, 1988 | The North American Bank | Phoenix, AZ | $32.3 million | $3.6 million |
| January 14, 1988 | Colonial Bank | New Orleans, LA | $50.2 million | $3.4 million |
| January 14, 1988 | Balboa National Bank | National City, CA | $29.3 million | $6.4 million |
| January 14, 1988 | The Moran National Bank | Moran, TX | $17.2 million | $8.6 million |
| January 15, 1988 | First Savings Association of East Texas | San Augustine, TX | $61.7 million | $96.6 million |
| January 20, 1988 | Aredale State Bank | Aredale, IA | $9.6 million | $313 thousand |
| January 21, 1988 | United Mercantile Bank | Shreveport, LA | $86.3 million | $26.4 million |
| January 21, 1988 | Northwest Bank | Dallas, TX | $58.4 million | $24.6 million |
| January 21, 1988 | Sam Houston National Bank of Walker County | Huntsville, TX | $37.6 million | $17.1 million |
| January 21, 1988 | Louisiana Commercial Bank | Madisonville, LA | $26.8 million | $6.3 million |
| January 21, 1988 | Williston Basin State Bank | Williston, ND | $14.0 million | $4.4 million |
| January 21, 1988 | Cedar Vale State Bank | Cedar Vale, KS | $11.7 million | $2.6 million |
| January 22, 1988 | Bank of Casper | Casper, WY | $6.1 million | $1.1 million |
| January 28, 1988 | Port City Bank | Houston, TX | $60.7 million | $13.2 million |
| January 28, 1988 | Houston Commerce Bank | Houston, TX | $41.0 million | $8.5 million |
| January 29, 1988 | The Trust Bank | Hialeah, FL | $165 million | $15.7 million |
| January 29, 1988 | Territory Savings and Loan Association | Seminole, OK | $31.2 million | $49.9 million |
| February 3, 1988 | The Bank of Louisburg | Louisburg, KS | $20.7 million | $4.4 million |
| February 5, 1988 | Bank of Dallas | Dallas, TX | $208 million | $70.6 million |
| February 11, 1988 | First Houston Bank, National Association | Houston, TX | $33.2 million | $11.0 million |
| February 11, 1988 | First State Bank | Oilton, OK | $13.2 million | $3.1 million |
| February 12, 1988 | The First State Bank, White Cloud, Michigan | White Cloud, MI | $36.4 million | $10.5 million |
| February 12, 1988 | Global Bank | Hialeah, FL | $21.7 million | $7.0 million |
| February 12, 1988 | Basin State Bank | Vernal, UT | $12.0 million | $3.4 million |
| February 18, 1988 | The Farmers and Merchants Bank of Hill City | Hill City, KS | $16.5 million | $5.0 million |
| February 18, 1988 | Mustang Community Bank | Mustang, OK | $9.4 million | $3.1 million |
| February 25, 1988 | Harris County Bank-Houston, National Association | Houston, TX | $80.7 million | $33.4 million |
| February 25, 1988 | American National Bank | Stafford, TX | $31.3 million | $9.2 million |
| February 25, 1988 | Collin County State Bank | Melissa, TX | $12.5 million | $3.4 million |
| March 3, 1988 | The Home State Bank | Russell, KS | $59.9 million | $10.7 million |
| March 3, 1988 | Flower Mound Bank | Flower Mound, TX | $17.4 million | $3.9 million |
| March 10, 1988 | The First National Bank and Trust Company of Cushing | Cushing, OK | $60.3 million | $20.0 million |
| March 10, 1988 | First American Bank & Trust of Baytown | Baytown, TX | $38.2 million | $16.3 million |
| March 10, 1988 | Hayesville Savings Bank | Hayesville, IA | $38.0 million | $2.0 million |
| March 10, 1988 | Security Bank of Denver, National Association | Denver, CO | $17.0 million | $3.0 million |
| March 10, 1988 | First American Bank and Trust of Manvel | Manvel, TX | $12.3 million | $3.5 million |
| March 10, 1988 | First American Bank and Trust of Friendswood | Friendswood, TX | $6.4 million | $2.3 million |
| March 10, 1988 | Frenchman Valley Bank | Palisade, NE | $2.8 million | $602 thousand |
| March 11, 1988 | First Federal Savings and Loan Association | Paducah, KY | $131 million | $31.8 million |
| March 11, 1988 | First Inter-County Bank of New York | New York, NY | $44.1 million | $8.0 million |
| March 17, 1988 | First National Bank of Port Allen | Port Allen, LA | $19.6 million | $4.4 million |
| March 18, 1988 | State Bank of Morgan | Morgan, MN | $20.3 million | $2.2 million |
| March 18, 1988 | Citizens State Bank of Gibbon (Incorporated) | Gibbon, MN | $15.1 million | $4.1 million |
| March 24, 1988 | Century Bank | Tulsa, OK | $70.8 million | $17.0 million |
| March 24, 1988 | Cashion Community Bank | Cashion, OK | $6.7 million | $2.0 million |
| March 25, 1988 | First National Bank of Del City | Del City, OK | $30.9 million | $9.0 million |
| March 31, 1988 | Union Bank and Trust Company | Oklahoma City, OK | $183 million | $11.1 million |
| March 31, 1988 | First Bank & Trust | Tomball, TX | $68.7 million | $18.7 million |
| April 7, 1988 | Central National Bank | Dallas, TX | $15.9 million | $6.2 million |
| April 7, 1988 | Home State Bank | Trent, TX | $5.4 million | $1.1 million |
| April 8, 1988 | First Federal Savings and Loan Association | Shawnee, OK | $131 million | $54.1 million |
| April 8, 1988 | Citizens State Bank of Eagle Bend | Eagle Bend, MN | $10.0 million | $1.7 million |
| April 14, 1988 | Cy-Fair Bank, National Association | Harris County, TX | $13.9 million | $4.8 million |
| April 14, 1988 | Jennings Bank | Jennings, KS | $7.1 million | $736 thousand |
| April 15, 1988 | Colonial Thrift and Loan Association | Culver City, CA | $26.8 million | $4.6 million |
| April 15, 1988 | Metropolitan Industrial Bank | Denver, CO | $12.4 million | $4.7 million |
| April 19, 1988 | McAllen State Bank | Mc Allen, TX | $580 million | $2.2 million |
| April 21, 1988 | Texas National Bank | Austin, TX | $18.5 million | $8.2 million |
| April 21, 1988 | Citizens National Bank | Colorado Springs, CO | $18.3 million | $7.4 million |
| April 22, 1988 | The Village Bank | Great Falls, MT | $21.7 million | $895 thousand |
| April 22, 1988 | Unity Bank | Dayton, OH | $7.1 million | $1.9 million |
| April 29, 1988 | American Federal Savings and Loan Association | Anderson, IN | $146 million | $41.5 million |
| April 29, 1988 | Oak Park Bank | Oak Park Heights, MN | $21.1 million | $5.9 million |
| May 5, 1988 | Union Bank & Trust of Dallas | Dallas, TX | $36.7 million | $8.3 million |
| May 5, 1988 | Lincoln National Bank | Arlington, TX | $13.0 million | $4.2 million |
| May 6, 1988 | Forest City Bank & Trust Company | Forest City, IA | $26.6 million | $733 thousand |
| May 12, 1988 | The First State Bank, Childress, Texas | Childress, TX | $14.9 million | $3.5 million |
| May 13, 1988 | Cardinal Savings Bank, Inc. | Newport, NC | $93.9 million | $27.5 million |
| May 13, 1988 | Westside National Bank | Houston, TX | $32.2 million | $15.4 million |
| May 19, 1988 | National Bank of Texas | Houston, TX | $19.4 million | $13.6 million |
| May 24, 1988 | Universal Savings and Loan Association | Scottsdale, AZ | $117 million | not estimated |
| May 26, 1988 | The First State Bank | Rockwall, TX | $39.9 million | $14.8 million |
| May 26, 1988 | First National Bank of Kingwood | Kingswood, TX | $16.1 million | $4.6 million |
| May 26, 1988 | Lone Star Bank | Harris County (Bayto, TX | $13.0 million | $3.0 million |
| May 27, 1988 | Sandy State Bank | Sandy, UT | $8.9 million | $1.9 million |
| June 2, 1988 | Guaranty Bank | Dallas, TX | $82.1 million | $40.7 million |
| June 2, 1988 | River Plaza National Bank | Forth Worth, TX | $41.8 million | $17.4 million |
| June 2, 1988 | Williamstown Bank, National Association | Houston, TX | $23.0 million | $5.8 million |
| June 2, 1988 | Security Bank of Boulder | Boulder, CO | $14.1 million | $305 thousand |
| June 2, 1988 | Security Bank of Aurora | Aurora, CO | $10.9 million | $694 thousand |
| June 2, 1988 | Community State Bank | Whiting, IA | $5.1 million | $923 thousand |
| June 3, 1988 | Larue Federal Savings and Loan Association | Hodgenville, KY | $12.0 million | $4.0 million |
| June 9, 1988 | Parkway Bank & Trust | Dallas, TX | $42.3 million | $18.5 million |
| June 16, 1988 | Century National Bank | Austin, TX | $54.0 million | $13.8 million |
| June 16, 1988 | Kingsland National Bank | Kingsland, TX | $14.1 million | $4.3 million |
| June 17, 1988 | The Liberty Bank of Seattle | Seattle, WA | $19.1 million | $8.4 million |
| June 22, 1988 | The Bank of Westminster | Westminster, CO | $6.5 million | $81 thousand |
| June 23, 1988 | Northwest Bank and Trust | Houston, TX | $97.6 million | $40.5 million |
| June 23, 1988 | Texas National Bank | Victoria, TX | $14.4 million | $3.2 million |
| June 23, 1988 | Tri-Cities Bank & Trust | Glenn Heights, TX | $9.2 million | $4.0 million |
| June 29, 1988 | Claiborne Bank & Trust Company | Homer, LA | $13.1 million | $1.3 million |
| June 30, 1988 | Mercantile Bank & Trust | San Antonio, TX | $76.2 million | $12.4 million |
| June 30, 1988 | First National Bank | Sherman, TX | $24.5 million | $6.0 million |
| June 30, 1988 | Republic National Bank | Norman, OK | $24.3 million | $7.7 million |
| July 14, 1988 | Allen National Bank | Allen, TX | $26.3 million | $7.1 million |
| July 14, 1988 | The American Bank | Palestine, TX | $20.8 million | $3.8 million |
| July 14, 1988 | The Security Bank | Warner, OK | $9.4 million | $601 thousand |
| July 21, 1988 | Platte Valley Federal Savings and Loan Association | Gering, NE | $408 million | not estimated |
| July 21, 1988 | Union Bank and Trust | Bartlesville, OK | $115 million | $33.1 million |
| July 21, 1988 | The First National Bank of Blooming Prairie | Blooming Prairie, MN | $20.0 million | $2.1 million |
| July 28, 1988 | First Capitol Bank | West Columbia, TX | $50.0 million | $23.3 million |
| July 28, 1988 | National Fidelity Bank of Shreveport | Shreveport, LA | $10.5 million | $2.9 million |
| July 29, 1988 | First RepublicBank Dallas, National Association | Dallas, TX | $17.1 billion | $2.0 billion |
| July 29, 1988 | First RepublicBank Houston, National Association | Houston, TX | $2.7 billion | $551 million |
| July 29, 1988 | First RepublicBank Fort Worth, National Association | Ft. Worth, TX | $2.0 billion | $155 million |
| July 29, 1988 | First RepublicBank Austin, National Association | Austin, TX | $1.7 billion | $45.9 million |
| July 29, 1988 | First RepublicBank San Antonio, National Association | San Antonio, TX | $797 million | $57.4 million |
| July 29, 1988 | First RepublicBank Waco, National Association | Waco, TX | $716 million | $59.0 million |
| July 29, 1988 | First RepublicBank Midland, National Association | Midland, TX | $659 million | $72.7 million |
| July 29, 1988 | National Bank of Fort Sam Houston | Ft. Sam Houston, TX | $635 million | $96.9 million |
| July 29, 1988 | First RepublicBank Tyler, National Association | Tyler, TX | $610 million | $67.6 million |
| July 29, 1988 | First RepublicBank Lubbock, National Association | Lubbuck, TX | $528 million | $1.6 million |
| July 29, 1988 | First RepublicBank Wichita Falls, National Association | Wichita Falls, TX | $304 million | $42.4 million |
| July 29, 1988 | First RepublicBank Galveston, National Association | Galveston, TX | $257 million | $13.9 million |
| July 29, 1988 | First RepublicBank Jefferson County | Beaumont, TX | $241 million | $46.9 million |
| July 29, 1988 | First RepublicBank Lufkin | Lufkin, TX | $225 million | $21.5 million |
| July 29, 1988 | First RepublicBank Abilene, National Association | Abilene, TX | $218 million | $52.3 million |
| July 29, 1988 | First RepublicBank El Paso, National Association | El Paso, TX | $218 million | $35.0 million |
| July 29, 1988 | First RepublicBank Harlingen, National Association | Harlingen, TX | $214 million | $47.3 million |
| July 29, 1988 | First RepublicBank Conroe, National Association | Conroe, TX | $208 million | $48.8 million |
| July 29, 1988 | First RepublicBank Corsicana, National Association | Corsicana, TX | $201 million | $16.0 million |
| July 29, 1988 | First RepublicBank Plano, National Association | Plano, TX | $200 million | $37.5 million |
| July 29, 1988 | First RepublicBank Victoria | Victoria, TX | $175 million | $21.5 million |
| July 29, 1988 | First RepublicBank Odessa, National Association | Odessa, TX | $175 million | $38.1 million |
| July 29, 1988 | First RepublicBank Mineral Wells, National Association | Mineral Wells, TX | $174 million | $53.1 million |
| July 29, 1988 | First RepublicBank Temple, National Association | Temple, TX | $164 million | $13.9 million |
| July 29, 1988 | First RepublicBank Mount Pleasant, National Association | Mt. Pleasant, TX | $148 million | $32.8 million |
| July 29, 1988 | First RepublicBank Denison, National Association | Denison, TX | $144 million | $29.1 million |
| July 29, 1988 | First RepublicBank Henderson, National Association | Henderson, TX | $129 million | $36.9 million |
| July 29, 1988 | First RepublicBank Brownwood, National Association | Brownwood, TX | $127 million | $28.5 million |
| July 29, 1988 | First RepublicBank Stephenville, National Association | Stephenville, TX | $124 million | $19.7 million |
| July 29, 1988 | First RepublicBank Cleburne, National Association | Cleburne, TX | $118 million | $14.5 million |
| July 29, 1988 | First RepublicBank A&M | College Station, TX | $101 million | $11.7 million |
| July 29, 1988 | First RepublicBank Richmond, National Association | Richmond, TX | $99.9 million | $29.3 million |
| July 29, 1988 | First RepublicBank Ennis, National Association | Ennis, TX | $96.1 million | $21.3 million |
| July 29, 1988 | First RepublicBank Greenville, National Association | Greenville, TX | $85.9 million | $16.2 million |
| July 29, 1988 | First RepublicBank Clifton | Clifton, TX | $82.3 million | $23.0 million |
| July 29, 1988 | First RepublicBank Paris | Paris, TX | $79.3 million | $20.5 million |
| July 29, 1988 | First RepublicBank Hillsboro | Hillsboro, TX | $68.1 million | $20.9 million |
| July 29, 1988 | The American Federal Savings and Loan Association | Anadarko, OK | $65.1 million | $102 million |
| July 29, 1988 | Westlake Thrift and Loan Association | Westlake Village, CA | $55.2 million | $7.7 million |
| July 29, 1988 | First RepublicBank Forney | Forney, TX | $54.6 million | $16.4 million |
| July 29, 1988 | First RepublicBank Malakoff | Malakoff, TX | $49.6 million | $16.6 million |
| July 29, 1988 | First RepublicBank Williamson County, National Association | Austin, TX | $44.0 million | $14.5 million |
| August 2, 1988 | First RepublicBank Delaware | Newark, DE | $582 million | $249 thousand |
| August 3, 1988 | Alaska Continental Bank | Anchorage, AK | $51.5 million | $20.5 million |
| August 4, 1988 | Farmers & Merchants Bank of Elmo | Elmo, MO | $9.2 million | $2.6 million |
| August 11, 1988 | First Bank | Balch Springs, TX | $46.2 million | $5.2 million |
| August 11, 1988 | West Houston National Bank | Houston, TX | $26.4 million | $6.7 million |
| August 11, 1988 | Galena Park State Bank | Galena Park, TX | $24.8 million | $7.2 million |
| August 18, 1988 | Town and Country National Bank | Harlingen, TX | $29.6 million | $11.1 million |
| August 18, 1988 | First National Bank Austin | Austin, TX | $26.0 million | $12.1 million |
| August 18, 1988 | Citizens State Bank | Maud, OK | $11.1 million | $2.5 million |
| August 19, 1988 | Sunbelt Savings Association of Texas | Dallas, TX | $2.2 billion | $3.8 billion |
| August 19, 1988 | First City Savings Association | Irving, TX | $227 million | $200 million |
| August 19, 1988 | Multibanc Savings Association | Dallas, TX | $191 million | $163 million |
| August 19, 1988 | Federated Savings and Loan Association | San Antonio, TX | $150 million | $97.8 million |
| August 19, 1988 | Texana Savings and Loan Association | Texarkana, TX | $78.1 million | $48.1 million |
| August 19, 1988 | Marshall County Bank | Britton, SD | $10.7 million | $229 thousand |
| August 25, 1988 | Bank of the Mid-South, Bossier City, Louisiana | Bossier City, LA | $41.8 million | $6.8 million |
| August 25, 1988 | Highland Park National Bank | Dallas, TX | $26.3 million | $17.8 million |
| August 25, 1988 | BancFirst - Westlake, National Association | Austin, TX | $15.0 million | $5.0 million |
| August 26, 1988 | Biwabik State Bank | Biwabik, MN | $3.2 million | $451 thousand |
| August 31, 1988 | Frontier Federal Savings and Loan Association | Ponca City, OK | $1.0 billion | $382 million |
| August 31, 1988 | Phoenix Federal Savings and Loan Association | Muskogee, OK | $419 million | $142 million |
| August 31, 1988 | Home Savings Bank, FA | Lawton, OK | $264 million | $93.9 million |
| August 31, 1988 | Home Savings and Loan Association, FA | Bartlesville, OK | $173 million | $84.1 million |
| August 31, 1988 | Kingfisher Federal Savings and Loan Association | Kingfisher, OK | $124 million | $50.3 million |
| August 31, 1988 | First Federal Savings and Loan Association of Elk City | Elk City, OK | $107 million | $95.0 million |
| August 31, 1988 | Heritage Savings and Loan Association of Elk City | Elk City, OK | $80.8 million | $82.7 million |
| August 31, 1988 | Peoples Federal Savings and Loan Association of Ardmore | Ardmore, OK | $49.9 million | $8.1 million |
| September 1, 1988 | American Bank of Muskogee | Muskogee, OK | $28.6 million | $10.8 million |
| September 1, 1988 | Commercial State Bank | San Augustine, TX | $25.6 million | $1.7 million |
| September 1, 1988 | Pioneer National Bank | Arlington, TX | $20.3 million | $6.2 million |
| September 1, 1988 | Mingo Trust and Savings Bank | Mingo, IA | $12.1 million | $775 thousand |
| September 1, 1988 | Pisgah Savings Bank | Pisgah, IA | $9.7 million | $3.0 million |
| September 1, 1988 | First National Bank of Atascocita | Harris County, TX | $9.4 million | $2.8 million |
| September 1, 1988 | Lakeland State Bank | Camden County, MO | $9.3 million | $546 thousand |
| September 8, 1988 | The Sylvia State Bank | Sylvia, KS | $5.9 million | $1.5 million |
| September 15, 1988 | Trinity National Bank | San Antonio, TX | $33.1 million | $10.7 million |
| September 15, 1988 | Town and Country Bank | Bixby, OK | $30.8 million | $19.3 million |
| September 15, 1988 | Capital National Bank | Fort Worth, TX | $24.4 million | $7.2 million |
| September 15, 1988 | River City Bank | Castle Hills, TX | $15.1 million | $7.4 million |
| September 15, 1988 | Citizens Bank Littleton | Littleton, CO | $6.4 million | $1.9 million |
| September 16, 1988 | Ultimate Savings Bank, FSB | Richmond, VA | $206 million | $34.9 million |
| September 21, 1988 | Mountainwest Savings and Loan | Ogden, UT | $284 million | not estimated |
| September 22, 1988 | The First State Bank in Talihina | Talihina, OK | $15.8 million | $2.8 million |
| September 22, 1988 | Community Bank and Trust | Rockdale, TX | $14.9 million | $3.7 million |
| September 22, 1988 | The Security State Bank | Comanche, OK | $9.0 million | $1.6 million |
| September 23, 1988 | Peoples Savings and Loan Association | La Grande, OR | $22.5 million | $19.3 million |
| September 23, 1988 | Peoples State Bank | Meeker, CO | $3.9 million | $807 thousand |
| September 26, 1988 | Continental Savings Association | Bellaire, TX | $364 million | not estimated |
| September 29, 1988 | First State Bank | Seminole, OK | $12.2 million | $1.6 million |
| September 30, 1988 | Watson State Bank | Watson, MN | $13.7 million | $5.1 million |
| October 3, 1988 | Liberty Bank and Trust Company | Warsaw, IN | $48.7 million | $7.8 million |
| October 6, 1988 | Financial Security Savings and Loan Association | Delray Beach, FL | $150 million | not estimated |
| October 6, 1988 | Fidelity National Bank of Fort Worth | Fort Worth, TX | $33.8 million | $10.6 million |
| October 7, 1988 | Liberty Federal Savings Bank | Raton, NM | $130 million | $105 million |
| October 20, 1988 | Commercial Bank and Trust Company | Metairie, LA | $58.8 million | $13.2 million |
| October 20, 1988 | Security Bank | Dallas, TX | $21.8 million | $6.6 million |
| October 27, 1988 | Frontier National Bank | Round Rock, TX | $39.5 million | $11.5 million |
| October 27, 1988 | Round Rock National Bank | Round Rock, TX | $37.0 million | $20.0 million |
| October 27, 1988 | Medical Center State Bank | Oklahoma City, OK | $8.7 million | $2.1 million |
| November 3, 1988 | Southwest National Bank | Houston, TX | $14.0 million | $4.1 million |
| November 4, 1988 | Mt. Zion State Bank | Mount Zion, IL | $26.4 million | none |
| November 10, 1988 | Cypress Savings Association | Plantation, FL | $173 million | $98.9 million |
| November 10, 1988 | Avoyelles Trust & Savings Bank | Bunkie, LA | $27.1 million | $8.8 million |
| November 10, 1988 | American National Bank | Tyler, TX | $22.4 million | $5.3 million |
| November 10, 1988 | Bank of the Northwest | Woodward, OK | $19.5 million | $4.6 million |
| November 10, 1988 | Miami National Bank | Miami, OK | $9.2 million | $2.4 million |
| November 10, 1988 | The First National Bank of Gracemont | Gracemont, OK | $6.6 million | $1.0 million |
| November 17, 1988 | The Bank of Kerrville, Kerrville, Texas | Kerrville, TX | $39.8 million | $11.2 million |
| November 17, 1988 | East Texas State Bank | Buna, TX | $21.3 million | $4.7 million |
| November 18, 1988 | First National Bank | Covington, LA | $262 million | $124 million |
| December 1, 1988 | Union Bank of Houston | Houston, TX | $55.4 million | $12.6 million |
| December 1, 1988 | Texana National Bank of Belton | Belton, TX | $19.5 million | $6.1 million |
| December 1, 1988 | Oak Lawn Bank, National Association | Dallas, TX | $10.3 million | $2.8 million |
| December 1, 1988 | Enterprise National Bank | Englewood, CO | $5.3 million | $1.6 million |
| December 8, 1988 | First Bank & Trust Co. | Duncan, OK | $42.0 million | $9.6 million |
| December 8, 1988 | ResourceBank, National Association | Houston, TX | $34.7 million | $12.4 million |
| December 8, 1988 | Waukomis State Bank | Waukomis, OK | $12.0 million | $1.6 million |
| December 9, 1988 | Silverado Banking, Savings and Loan Association | Denver, CO | $2.3 billion | $1.3 billion |
| December 9, 1988 | Caribank | Dania, FL | $526 million | $39.0 million |
| December 9, 1988 | Central Arkansas Savings and Loan Association | Conway, AR | $10.1 million | $2.2 million |
| December 15, 1988 | Texas National Bank | Dallas, TX | $37.7 million | $17.6 million |
| December 15, 1988 | First National Bank in Center | Center, TX | $26.1 million | $5.5 million |
| December 15, 1988 | Crescent City Bank and Trust Company | New Orleans, LA | $24.0 million | $6.4 million |
| December 15, 1988 | Texas Bank of Plano | Plano, TX | $15.1 million | $5.3 million |
| December 15, 1988 | First National Bank in Bogata | Bogata, TX | $13.2 million | $1.2 million |
| December 16, 1988 | First Industrial Bank of Rocky Ford | Rocky Ford, CO | $12.5 million | $6.7 million |
| December 16, 1988 | First Southwest Bank | Eldorado, OK | $9.8 million | $2.4 million |
Assistance transactions in 1988
In these cases the FDIC or another insurer gave financial help to an insured institution instead of closing it outright. They are not counted as failures on this site.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 7, 1988 | The Peoples State Bank & Trust Co | Ellinwood, KS | $36.6 million | $2.5 million |
| January 13, 1988 | The Jefferson Guaranty Bank | Metairie, LA | $292 million | $57.5 million |
| January 27, 1988 | Citizens State Bank | Hayfield, MN | $28.0 million | $783 thousand |
| January 28, 1988 | Alaska Mutual Bank | Anchorage, AK | $1.2 billion | $171 million |
| January 28, 1988 | United Bank Alaska | Anchorage, AK | $314 million | $171 million |
| February 10, 1988 | Magnet Bank FSB | Charleston, WV | $547 million | $116 million |
| February 10, 1988 | Mountain State FS&LA | Clarksburg, WV | $91.4 million | $21.7 million |
| February 10, 1988 | Traders FS&LA | Parkersburg, WV | $68.5 million | $18.9 million |
| February 12, 1988 | American National Bank | Parma, OH | $27.8 million | none |
| March 10, 1988 | First FS&LA of Craig | Craig, CO | $30.1 million | $5.5 million |
| March 11, 1988 | First Federal Savings Bank | Waterloo, IA | $152 million | $82.5 million |
| March 11, 1988 | Peoples FS&LA | Waterloo, IA | $151 million | $27.1 million |
| March 11, 1988 | First Federated Savings Bank | N. Palm Beach, FL | $142 million | $90.6 million |
| March 11, 1988 | Perpetual S&LA | Waterloo, IA | $113 million | $20.9 million |
| March 15, 1988 | Morehead National Bank | Morehead, KY | $7.6 million | $974 thousand |
| April 11, 1988 | Tri-Cities Savings and Loan | Kennewick, WA | $53.1 million | $14.2 million |
| April 11, 1988 | Citizens Savings and Loan | East Alton, IL | $36.4 million | $6.1 million |
| April 12, 1988 | Valley Federal Savings and Loan | Erwin, TN | $80.5 million | $7.2 million |
| April 15, 1988 | Burns State Bank | Burns, KS | $4.4 million | $567 thousand |
| April 20, 1988 | First City, Texas - Houston, NA | Houston, TX | $4.4 billion | $721 million |
| April 20, 1988 | First City, Texas - Austin | Austin, TX | $710 million | $77.3 million |
| April 20, 1988 | First City - Sioux Falls N.A. | Sioux Falls, SD | $598 million | none |
| April 20, 1988 | First City, Texas - Dallas | Dallas, TX | $590 million | $79.1 million |
| April 20, 1988 | First City, Texas - Beaumont | Beaumont, TX | $447 million | $12.3 million |
| April 20, 1988 | First City, Texas - Corpus Christi | Corpus Christi, TX | $442 million | $6.1 million |
| April 20, 1988 | First City, Texas - El Paso | El Paso, TX | $392 million | $904 thousand |
| April 20, 1988 | First City, Texas - Midland | Midland, TX | $361 million | $16.8 million |
| April 20, 1988 | First City, Texas - Tyler | Tyler, TX | $262 million | $22.6 million |
| April 20, 1988 | First City, Texas - Arlington | Arlington, TX | $241 million | $18.9 million |
| April 20, 1988 | First City, Texas - Bryan | Bryan, TX | $238 million | $1.5 million |
| April 20, 1988 | First City, Texas - Richardson | Richardson, TX | $234 million | $1.7 million |
| April 20, 1988 | First City, Texas - Central Park | San Antonio, TX | $177 million | $26.0 million |
| April 20, 1988 | First City, Texas - Gulfgate | Houston, TX | $168 million | $263 thousand |
| April 20, 1988 | First City, Texas - Farmers Branch | Farmers Branch, TX | $162 million | $4.2 million |
| April 20, 1988 | First City, Texas - Lufkin | Lufkin, TX | $157 million | $518 thousand |
| April 20, 1988 | First City, Texas - Highland Village | Houston, TX | $147 million | $3.6 million |
| April 20, 1988 | First City, Texas - Valley View | Dallas, TX | $143 million | $4.6 million |
| April 20, 1988 | First City, Texas - San Angelo | San Angelo, TX | $139 million | $1.1 million |
| April 20, 1988 | First City, Texas - Graham | Graham, TX | $134 million | $547 thousand |
| April 20, 1988 | First City, Texas - Lewisville | Lewisville, TX | $131 million | $2.4 million |
| April 20, 1988 | First City, Texas - Garland | Garland, TX | $130 million | $1.6 million |
| April 20, 1988 | First City, Texas - Windsor Park | San Antonio, TX | $127 million | $8.5 million |
| April 20, 1988 | First City, Texas - Orange | Orange, TX | $120 million | $439 thousand |
| April 20, 1988 | First City, Texas - Alice | Alice, TX | $106 million | $554 thousand |
| April 20, 1988 | First City, Texas - East Dallas | Dallas, TX | $106 million | $732 thousand |
| April 20, 1988 | Bank of Santa Fe | Santa Fe, NM | $95.6 million | $22.0 million |
| April 20, 1988 | First City, Texas - Central Arlington | Arlington, TX | $91.4 million | $3.0 million |
| April 20, 1988 | First City, Texas - Madisonville | Madisonville, TX | $89.7 million | $142 thousand |
| April 20, 1988 | First City, Texas - Lake Jackson | Lake Jackson, TX | $85.8 million | $181 thousand |
| April 20, 1988 | First City, Texas - Lancaster | Lancaster, TX | $81.4 million | $507 thousand |
| April 20, 1988 | First City, Texas - Clear Lake | Houston, TX | $79.8 million | $1.4 million |
| April 20, 1988 | First City, Texas - Grand Prairie | Grand Prairie, TX | $79.3 million | $141 thousand |
| April 20, 1988 | First City, Texas - Humble | Humble, TX | $78.4 million | $5.4 million |
| April 20, 1988 | First City, Texas - Almeda Genoa | Houston, TX | $77.9 million | $201 thousand |
| April 20, 1988 | First City, Texas - Gateway | Beaumont, TX | $76.5 million | $48 thousand |
| April 20, 1988 | First City, Texas - Inwood Forest | Houston, TX | $76.2 million | $1.6 million |
| April 20, 1988 | First City, Texas - Richmond | Richmond, TX | $74.7 million | $347 thousand |
| April 20, 1988 | First City, Texas - Northeast | Houston, TX | $71.1 million | $624 thousand |
| April 20, 1988 | First City, Texas - Central | Beaumont, TX | $69.5 million | $325 thousand |
| April 20, 1988 | First City, Texas - Market Center | Dallas, TX | $68.0 million | $5.7 million |
| April 20, 1988 | First City, Texas - Westheimer | Houston, TX | $67.0 million | $2.2 million |
| April 20, 1988 | First City, Texas - Westheimer Plaza | Houston, TX | $62.6 million | $5.3 million |
| April 20, 1988 | First City, Texas - Fondren South | Houston, TX | $62.5 million | $3.0 million |
| April 20, 1988 | First City, Texas - Northline | Houston, TX | $61.5 million | $5.9 million |
| April 20, 1988 | First City, Texas - Plano | Plano, TX | $59.5 million | $2.0 million |
| April 20, 1988 | First City, Texas - Fort Worth | Fort Worth, TX | $58.8 million | $4.8 million |
| April 20, 1988 | First City, Texas - North Belt | Houston, TX | $56.7 million | $602 thousand |
| April 20, 1988 | First City, Texas - Colleyville | Colleyville, TX | $55.0 million | $201 thousand |
| April 20, 1988 | First City, Texas - Northchase | Houston, TX | $53.6 million | $1.6 million |
| April 20, 1988 | First City, Texas - Northwest Hills | Austin, TX | $52.7 million | $1.7 million |
| April 20, 1988 | First City, Texas - Medical Center | Houston, TX | $52.4 million | $155 thousand |
| April 20, 1988 | First City, Texas - Bellaire | Bellaire, TX | $51.1 million | $1.4 million |
| April 20, 1988 | First City, Texas - Aransas Pass | Aransas Pass, TX | $48.9 million | $203 thousand |
| April 20, 1988 | First City, Texas - San Antonio | San Antonio, TX | $47.7 million | $3.2 million |
| April 20, 1988 | First City, Texas - Bear Creek | Harris County, TX | $46.0 million | $1.2 million |
| April 20, 1988 | First City, Texas - Sour Lake | Sour Lake, TX | $45.8 million | $16 thousand |
| April 20, 1988 | First City, Texas - Forest Hill | Forest Hill, TX | $44.8 million | $168 thousand |
| April 20, 1988 | First City, Texas - Kountze | Kountze, TX | $34.6 million | $27 thousand |
| April 20, 1988 | First City, Texas - Westwood | Houston, TX | $25.6 million | $2.7 million |
| April 25, 1988 | Bond County State Bank | Pocahontas, IL | $6.3 million | $660 thousand |
| April 28, 1988 | Citizens Bank of Tulsa | Tulsa, OK | $6.7 million | $1.9 million |
| May 13, 1988 | Colorado County FS&LA | Columbus, TX | $213 million | $95.2 million |
| May 13, 1988 | Security S&LA | Dickinson, TX | $106 million | $68.1 million |
| May 13, 1988 | Alliance S&LA (Houston) | Austin, TX | $104 million | $118 million |
| May 13, 1988 | Cameron County S&LA | San Benito, TX | $27.6 million | $12.1 million |
| May 18, 1988 | Lamar Savings Association | Austin, TX | $1.9 billion | $2.0 billion |
| May 18, 1988 | Briercroft Savings Association | Austin, TX | $867 million | $222 million |
| May 18, 1988 | City S&LA | San Angelo, TX | $681 million | $912 million |
| May 18, 1988 | Stockton Savings Association | Dallas, TX | $543 million | $806 million |
| May 18, 1988 | The American State Bank | Yankton, SD | $62.1 million | $265 thousand |
| May 25, 1988 | First FS&LA of Hammonton | Hammonton, NJ | $238 million | $82.0 million |
| May 26, 1988 | Bluebonnet Sa of Texas | Hempstead, TX | $24.1 million | $10.6 million |
| June 2, 1988 | Muskegon FS&LA | Muskegon, MI | $205 million | $2.0 million |
| June 6, 1988 | Frontier Federal Savings Bank | Dyersburg, TN | $43.7 million | $11.0 million |
| June 14, 1988 | Bank of Imboden | Imboden, AR | $16.2 million | $2.2 million |
| June 22, 1988 | First Financial a Savings Association of E | El Paso, TX | $326 million | $43.1 million |
| June 24, 1988 | Stanford S&LA | Palo Alto, CA | $73.5 million | $17.1 million |
| June 24, 1988 | Lynnwood S&LA | Lynnwood, WA | $24.1 million | $3.7 million |
| July 8, 1988 | McLean S&LA | McLean, VA | $319 million | $88.9 million |
| July 14, 1988 | Texas Bank | San Antonio, TX | $57.2 million | $11.2 million |
| July 14, 1988 | Texas Bank North, NA | San Antonio, TX | $5.8 million | $1.6 million |
| July 15, 1988 | Oak Forest National Bank | Longview, TX | $7.4 million | $1.4 million |
| July 21, 1988 | First Security SB | Pleasant Hill, CA | $177 million | $44.6 million |
| July 28, 1988 | Home FS&LA | Peoria, IL | $115 million | $29.0 million |
| July 28, 1988 | Mutual FS&LA | Canton, IL | $30.4 million | $11.8 million |
| July 28, 1988 | Galva FS&LA | Galva, IL | $12.8 million | $2.8 million |
| August 2, 1988 | First of Longview | Longview, WA | $78.1 million | $13.6 million |
| August 9, 1988 | Security State Bank | Casey, IA | $15.4 million | $160 thousand |
| August 10, 1988 | First FS&LA of Taylorville | Taylorville, IL | $34.6 million | $2.8 million |
| August 11, 1988 | Capitol FS&LA | Evergreen Park, IL | $229 million | $35.2 million |
| August 11, 1988 | Western FS&LA | Council Bluffs, IA | $23.9 million | $11.7 million |
| August 11, 1988 | First Federal Savings Bank | Shenadoah, IA | $20.7 million | $2.2 million |
| August 18, 1988 | Richardson Savings Association | Dallas, TX | $706 million | $487 million |
| August 18, 1988 | Majestic Savings Association | McKinney, TX | $283 million | $226 million |
| August 18, 1988 | Paris S&LA | Paris, TX | $254 million | $464 million |
| August 18, 1988 | Longview S&LA | Longview, TX | $146 million | $102 million |
| August 18, 1988 | Skyline Savings Association | Dallas, TX | $118 million | $61.3 million |
| August 18, 1988 | American Banc Savings Associat | Dallas, TX | $62.8 million | $40.8 million |
| August 18, 1988 | Irving S&LA | Irving, TX | $53.1 million | $117 million |
| August 18, 1988 | Southland Savings Association | Longview, TX | $31.5 million | $21.3 million |
| August 18, 1988 | Commerce FS&LA | Commerce, TX | $29.5 million | $9.9 million |
| August 18, 1988 | Gladewater FS&LA | Gladewater, TX | $24.9 million | $22.7 million |
| August 19, 1988 | Summit Savings Association | Dallas, TX | $186 million | $325 million |
| August 26, 1988 | Pioneer FS&LA in Mason City | Mason City, IA | $314 million | $141 million |
| August 26, 1988 | Washington FSB of Stillwater | Stillwater, MN | $296 million | $165 million |
| August 26, 1988 | Peoples S&LA | Owantonna, MN | $211 million | $35.5 million |
| August 26, 1988 | Homestate S&LA | Hayward, CA | $182 million | $45.7 million |
| August 26, 1988 | First FS&LA of Grand Rapids | Grand Rapids, MN | $106 million | $44.6 million |
| August 26, 1988 | First FS&LA of Brainerd | Brainerd, MN | $86.6 million | $54.4 million |
| August 26, 1988 | First FS&LA of Hibbing | Hibbing, MN | $47.3 million | $32.2 million |
| August 26, 1988 | Commerce FSB | Knoxville, TN | $40.1 million | $21.2 million |
| August 26, 1988 | Northwest FS&LA | Boise, ID | $26.7 million | $2.5 million |
| August 31, 1988 | Midamerica FS&LA | Tulsa, OK | $483 million | $118 million |
| August 31, 1988 | Mutual FS&LA | Oklahoma City, OK | $173 million | $77.1 million |
| August 31, 1988 | Capitol FSB | Oklahoma City, OK | $117 million | $35.6 million |
| August 31, 1988 | First Oklahoma Savings Bank | Tulsa, OK | $37.3 million | $25.2 million |
| September 1, 1988 | Arsenal Sa | Indianapolis, IN | $158 million | $44.8 million |
| September 1, 1988 | Citizens FS&LA | Jacksonville, FL | $57.9 million | $125 thousand |
| September 1, 1988 | United Sa of Central Indiana | Tipton, IN | $57.3 million | $6.9 million |
| September 1, 1988 | Fidelity FS&LA | Berwyn, IL | $37.1 million | $3.7 million |
| September 1, 1988 | Frankton FS&LA | Frankton, IN | $30.6 million | $3.0 million |
| September 6, 1988 | Coosa FS&LA | Gadsden, AL | $72.1 million | $13.1 million |
| September 7, 1988 | American S&LA | Stockton, CA | $30.2 billion | $5.4 billion |
| September 7, 1988 | First Federal SB | Rogers, AR | $123 million | $21.8 million |
| September 9, 1988 | Bay City FS&LA | Bay City, TX | $158 million | $256 million |
| September 9, 1988 | Gulf Coast Savings Association | Richmond, TX | $59.9 million | $86.6 million |
| September 16, 1988 | Guaranty National Bank | Austin, TX | $21.1 million | $4.2 million |
| September 21, 1988 | Loves Park FSB | Loves Park, IL | $40.8 million | $5.0 million |
| September 23, 1988 | Champion Savings Association | Houston, TX | $657 million | $428 million |
| September 30, 1988 | Guaranty FS&LA | Dallas, TX | $2.0 billion | $2.1 billion |
| September 30, 1988 | First FS&LA | Austin, TX | $1.0 billion | $480 million |
| September 30, 1988 | Creditbanc Savings Association | Austin, TX | $593 million | $732 million |
| September 30, 1988 | Franklin Savings Association | Austin, TX | $411 million | $681 million |
| September 30, 1988 | Delta Savings Association of Texas | Alvin, TX | $203 million | $258 million |
| September 30, 1988 | Great West Savings Bank | Austin, TX | $180 million | $191 million |
| September 30, 1988 | Citizens FS&LA of New Castle | New Castle, IN | $51.9 million | $5.3 million |
| September 30, 1988 | Adobe Savings Bank | Concord, CA | $48.1 million | $3.8 million |
| October 12, 1988 | First FSB of Indiana | Merrillville, IN | $272 million | $22.5 million |
| October 12, 1988 | First FS&LA of Mayfield | Mayfield, KY | $51.5 million | $22.1 million |
| October 12, 1988 | Capital FS&LA | Gary, IN | $51.4 million | $6.5 million |
| October 14, 1988 | Olney Savings Association | Olney, TX | $1.3 billion | $727 million |
| October 14, 1988 | Banc Home Savings Association | Midland, TX | $603 million | $44.2 million |
| October 14, 1988 | Security FS&LA | Pampa, TX | $396 million | $142 million |
| October 14, 1988 | Heart O Texas Savings Association | Midland, TX | $270 million | $97.4 million |
| October 14, 1988 | First FS&LA | Amarillo, TX | $214 million | $158 million |
| October 14, 1988 | Southern S&LA | Brownwood, TX | $155 million | $110 million |
| October 14, 1988 | Southwest S&LA | Abilene, TX | $154 million | $416 million |
| October 14, 1988 | Odessa Savings Association | Odessa, TX | $132 million | $90.9 million |
| October 14, 1988 | San Angelo Savings Association | San Angelo, TX | $125 million | $178 million |
| October 14, 1988 | Petroplex Savings Association | Midland, TX | $114 million | $157 million |
| October 14, 1988 | Shamrock Federal Savings Bank | Shamrock, TX | $102 million | $81.9 million |
| October 25, 1988 | Peoples FSB | Wooster, OH | $341 million | $33.4 million |
| November 1, 1988 | Lincoln FS&LA | Westfield, NJ | $1.3 billion | $210 million |
| November 1, 1988 | Southside S&L | Lima, OH | $54.1 million | $12.1 million |
| November 2, 1988 | Reliance FS&LA | Rahway, NJ | $64.3 million | $11.4 million |
| November 16, 1988 | Alliance Bank, N.A. | Oklahoma City, OK | $8.9 million | $4.1 million |
| November 18, 1988 | Tesoro S&LA | Laredo, TX | $248 million | $230 million |
| December 1, 1988 | Cardinal FSB | Cleveland, OH | $1.5 billion | $453 million |
| December 1, 1988 | First FS&LA | Columbus, GA | $266 million | $817 thousand |
| December 1, 1988 | Northpark Savings Association | Richardson, TX | $127 million | $163 million |
| December 1, 1988 | United FS&LA | Aberdeen, SD | $92.5 million | $8.0 million |
| December 12, 1988 | Midamerica SB | Waterloo, IA | $244 million | $14.0 million |
| December 14, 1988 | Eastern Washington S&LA | Wenatchee, WA | $51.5 million | $1.1 million |
| December 15, 1988 | American Home Savings | Salem, OR | $403 million | $145 million |
| December 15, 1988 | Community First Fed Savings | Vancouver, WA | $386 million | $73.3 million |
| December 15, 1988 | Rooks County Fsa | Plainville, KS | $32.0 million | $19.3 million |
| December 16, 1988 | Bloomfield S&LA | Birmingham, MI | $689 million | $120 million |
| December 16, 1988 | Rocky Mountain FS&LA | Cheynne, WY | $307 million | $103 million |
| December 16, 1988 | United SB of Wyoming | Cheynne, WY | $220 million | $121 million |
| December 16, 1988 | First Dearborn | Dearborn, MI | $167 million | $78.7 million |
| December 17, 1988 | Ohio Valley | Steubenville, OH | $204 million | $63.2 million |
| December 17, 1988 | First Border SB | Piqua, OH | $111 million | $19.6 million |
| December 21, 1988 | Baton Rouge Bank & Trust Company | Baton Rouge, LA | $111 million | $18.0 million |
| December 22, 1988 | Commodore Savings Association | Dallas, TX | $499 million | $1.3 billion |
| December 22, 1988 | Home Sa | Houston, TX | $495 million | $310 million |
| December 22, 1988 | Home S&LA | Lufkin, TX | $278 million | $356 million |
| December 22, 1988 | Vista Savings Association | Odessa, TX | $133 million | $122 million |
| December 22, 1988 | First FS&LA | Big Spring, TX | $129 million | $73.8 million |
| December 22, 1988 | Interwest Savings Association | Fort Worth, TX | $109 million | $168 million |
| December 22, 1988 | Southern Federal Banc S&LA | Lancaster, TX | $91.3 million | $172 million |
| December 22, 1988 | Lamesa FS&LA | Lamesa, TX | $89.3 million | $20.7 million |
| December 22, 1988 | Sentry Savings Association | Slaton, TX | $87.0 million | $156 million |
| December 22, 1988 | First Western S&LA | Colorado City, TX | $83.4 million | $72.1 million |
| December 22, 1988 | Metroplex Federal Savings Association | Hurst, TX | $64.8 million | $43.5 million |
| December 22, 1988 | Mesquite S&LA | Mesquite, TX | $47.0 million | $18.8 million |
| December 22, 1988 | Reliance Savings Association | Houston, TX | $41.5 million | $59.9 million |
| December 22, 1988 | Mineral Wells S&LA | Mineral Wells, TX | $31.5 million | $11.1 million |
| December 23, 1988 | Virginia FS&LA | Richmond, VA | $679 million | $13.5 million |
| December 27, 1988 | Gibraltar Sa | Houston, TX | $6.5 billion | $2.9 billion |
| December 27, 1988 | First Texas Savings Association | Dallas, TX | $3.1 billion | $2.5 billion |
| December 27, 1988 | Montfort Savings Association | Dallas, TX | $1.8 billion | $658 million |
| December 27, 1988 | Killeen S&LA | Killeen, TX | $163 million | $195 million |
| December 28, 1988 | First Financial SB | Des Moines, IA | $263 million | $85.7 million |
| December 29, 1988 | American SB | Springfield, IL | $887 million | $176 million |
| December 29, 1988 | Charter Savings S&LA | Corpus Christi, TX | $397 million | $615 million |
| December 29, 1988 | Peoples S&LA | Llano, TX | $171 million | $381 million |
| December 29, 1988 | Seguin Savings Association | Seguin, TX | $141 million | $159 million |
| December 29, 1988 | Lee Savings Association | Giddings, TX | $73.9 million | $62.7 million |
| December 29, 1988 | Union Sa | San Antonio, TX | $72.1 million | $42.7 million |
| December 29, 1988 | Bayview Fsa | Corpus Christi, TX | $64.6 million | $48.2 million |
| December 29, 1988 | Independence S&LA | Gonzales, TX | $59.1 million | $53.2 million |
| December 29, 1988 | Ranchers Savings Association | Johnson City, TX | $56.2 million | $112 million |
| December 29, 1988 | Yoakum FS&LA | Yoakum, TX | $43.6 million | $27.1 million |
| December 29, 1988 | Keystone S&LA | Lampasas, TX | $30.7 million | $23.8 million |
| December 29, 1988 | First FS&LA | Luling, TX | $30.6 million | $47.7 million |
| December 29, 1988 | Burnet S&LA | Burnet, TX | $28.1 million | $11.5 million |
| December 30, 1988 | United Savings Association of Texas | Houston, TX | $4.6 billion | $1.5 billion |
| December 30, 1988 | Columbia FS&LA | Englewood, CO | $3.1 billion | $747 million |
| December 30, 1988 | First FS&LA of Jacksonville | Jacksonville, FL | $1.2 billion | $25.7 million |
| December 30, 1988 | Pathway Financial | Chicago, IL | $1.2 billion | $498 million |
| December 30, 1988 | Beach FS&LA | Boynton Beach, FL | $1.1 billion | $1.3 billion |
| December 30, 1988 | Jackson County Fsa | Medford, OR | $266 million | $72.4 million |
| December 30, 1988 | Tracy-Collins Bank & Trust Company | Salt Lake City, UT | $213 million | $88 thousand |
| December 30, 1988 | Northwest FS&LA | Spencer, IA | $129 million | $66.5 million |
| December 30, 1988 | Great Falls FS&LA | Great Falls, MT | $128 million | $10.7 million |
| December 30, 1988 | Home FS&LA | Spencer, IA | $46.5 million | $9.0 million |
| December 31, 1988 | Broward FS&LA | Sunrise, FL | $536 million | $221 million |
| December 31, 1988 | Peoria S&LA | Peoria, IL | $172 million | $19.5 million |