The Graveyard › Banks › 1988

American National Bank

Parma · assisted February 12, 1988 · FDIC certificate 18806

American National Bank of Parma was given assistance by the FDIC on February 12, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on June 25, 1963, 24 years before. At its last report before that it held $27.8 million in assets and $25.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $40.0 million. The FDIC's list records no loss to the FDIC's insurance fund.

1984-031987-12

Assets at the end$27.8 millionlast report before February 12, 1988

Deposits at the end$25.4 million

Estimated loss to the fundnone recordedFDIC

Largest in the quarterly reports$40.0 millionMarch 31, 1986

Equity to assets7.6%December 31, 1987

Loans not being repaid1.6%noncurrent, December 31, 1987

Return on assets-1.26%a year's rate, December 31, 1987

Staff32full time, December 31, 1987

Could you have seen it coming? Play Black Monday

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.