The Graveyard › Banks › 1988
Allen National Bank
Allen, TX · failed July 14, 1988 · FDIC certificate 23380
Allen National Bank of Allen, TX failed on July 14, 1988. It opened on February 21, 1981, 7 years before. At its last report before that it held $26.3 million in assets and $26.2 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $7.1 million on it.
1984-031988-03
Assets at the end$26.3 millionlast report before July 14, 1988
Deposits at the end$26.2 million
Estimated loss to the fund$7.1 millionFDIC
Largest in the quarterly reports$27.3 millionDecember 31, 1986
Equity to assets-0.5%March 31, 1988
Loans not being repaid4.6%noncurrent, March 31, 1988
Return on assets-18.09%a year's rate, March 31, 1988
Staff24full time, March 31, 1988
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion 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.