Sunbelt Savings Association of Texas
Dallas, TX
$2.2B
total assets, June 30, 1988
$2.2B
total assets, June 30, 1988
Sunbelt Savings Association of Texas was a savings and loan in Dallas, TX. It failed on Aug 19, 1988, and Sunbelt Savings FSB took over its deposits. At its last report it held $2.2 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1988
This bank failed
- Failed on
- Aug 19, 1988
- Assets
- $2.2B
- Deposits
- $3.3B
- Estimated cost
- $3.8B
- Deposits went to
- Sunbelt Savings FSB, Dallas, TX
Total assets
$2.2B
-33.9% in a year · -4.1% in a quarter
Deposits
$3.3B
+14.8% in a year · -4.6% in a quarter
Loans
$1.6B
-22.8% in a year · +2.3% in a quarter
Profit so far
-$1.4B
Jan 1 to Jun 30, 1988
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-108.53%
-100.99 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 4901 Lbj Freeway, Dallas, TX, 75244
- County
- Dallas
- Established
- Aug 15, 1955
- Failed
- Aug 31, 1988
- Id
- b30773
Quarter by quarter
March 31, 1984 to June 30, 1988
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Sunbelt Savings Association of Texas?
$2.2 billion in total assets and $3.3 billion in deposits as of June 30, 1988, with assets down 33.9% from a year before. Its loans were $1.6 billion.
Is Sunbelt Savings Association of Texas profitable?
No: it lost $1.4 billion from January 1 to June 30, 1988. Its return on assets was -108.53% a year; about 1% is typical.
When did Sunbelt Savings Association of Texas fail?
Aug 19, 1988. Sunbelt Savings FSB of Dallas, TX took over its deposits. The estimated cost of the failure was $3.8 billion.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.