The Graveyard › Banks › 1987
Bancfirst-Austin, N.A.
Austin, TX · failed December 10, 1987 · FDIC certificate 24703
Bancfirst-Austin, N.A. of Austin, TX failed on December 10, 1987. It opened on September 1, 1983, 4 years before. At its last report before that it held $25.3 million in assets and $28.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $35.2 million. The FDIC estimates that the FDIC's insurance fund lost $14.1 million on it.
1984-031987-09
Assets at the end$25.3 millionlast report before December 10, 1987
Deposits at the end$28.0 million
Estimated loss to the fund$14.1 millionFDIC
Largest in the quarterly reports$35.2 millionSeptember 30, 1986
Equity to assets-11.8%September 30, 1987
Loans not being repaid16.4%noncurrent, September 30, 1987
Return on assets-18.01%a year's rate, September 30, 1987
Staff19full time, September 30, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million 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.