The Graveyard › Banks › 1987

BancTEXAS Houston

Houston · assisted July 17, 1987 · FDIC certificate 16658

BancTEXAS Houston of Houston was given assistance by the FDIC on July 17, 1987. The FDIC's list records an assistance transaction, not a closing. It opened on January 3, 1948, 39 years before. At its last report before that it held $45.9 million in assets and $45.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $233.4 million. The FDIC estimates that the FDIC's insurance fund lost $8.8 million on it.

1984-031987-03

Assets at the end$45.9 millionlast report before July 17, 1987

Deposits at the end$45.0 million

Estimated loss to the fund$8.8 millionFDIC

Largest in the quarterly reports$233.4 millionSeptember 30, 1984

Equity to assets-41.2%March 31, 1987

Loans not being repaid29.4%noncurrent, March 31, 1987

Return on assets-25.76%a year's rate, March 31, 1987

Staff58full time, March 31, 1987

Could you have seen it coming? Play Black Monday

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.