Data / Bank failures / 1987 / Home S&LA
Home S&LA, Seattle, WA: received FDIC assistance March 13, 1987
Home S&LA in Seattle, Washington, received open bank assistance from the FDIC on March 13, 1987. It held $150.6 million in assets and $117.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $25.9 million (17.2% of its assets). By assets it was the 38th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- March 13, 1987
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Interwest Savings Bank, Oak Harbor, WA
- Total assets
- $150,608,000
- Total deposits
- $117,570,000
- Estimated cost to the FDIC
- $25,941,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 30467
Other bank failures in Washington, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Gibraltar Savings Bank, FSB | Seattle | March 31, 1989 | $1.68 billion | $1.37 billion | $59,301 | |
| Community First Fed Savings (assistance) | Vancouver | December 15, 1988 | $386 million | $308.1 million | $73.3 million | American Home Savings A FSB |
| Eastern Washington S&LA (assistance) | Wenatchee | December 14, 1988 | $51.5 million | $32.3 million | $1.1 million | First W FS&LA of Wenatchee |
| First of Longview (assistance) | Longview | August 2, 1988 | $78.1 million | $76.3 million | $13.6 million | First FS&LA |
| Lynnwood S&LA (assistance) | Lynnwood | June 24, 1988 | $24.1 million | $24.9 million | $3.7 million | World S&LA America Fed S&L |
| The Liberty Bank of Seattle | Seattle | June 17, 1988 | $19.1 million | $20.6 million | $8.4 million | Emerald City Bank |
| Tri-Cities Savings and Loan (assistance) | Kennewick | April 11, 1988 | $53.1 million | $43.8 million | $14.2 million | Sterling Savings of Spokane |
| Mid Valley Bank (assistance) | Omak | August 30, 1986 | $39.1 million | $39.1 million | $220,917 | First Bank Washington |
All bank failures in 1987 · All bank failures in Washington · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.