The Graveyard › Banks › 1987

Banctexas Mckinney, N.A.

Mckinney · assisted July 17, 1987 · FDIC certificate 14618

Banctexas Mckinney, N.A. of Mckinney was given assistance by the FDIC on July 17, 1987. The FDIC's list records an assistance transaction, not a closing. It opened on July 24, 1905, 81 years before. At its last report before that it held $121.5 million in assets and $119.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $188.8 million. The FDIC estimates that the FDIC's insurance fund lost $23.5 million on it.

1984-031987-06

Assets at the end$121.5 millionlast report before July 17, 1987

Deposits at the end$119.9 million

Estimated loss to the fund$23.5 millionFDIC

Largest in the quarterly reports$188.8 millionSeptember 30, 1986

Equity to assets0.6%June 30, 1987

Loans not being repaid11.8%noncurrent, June 30, 1987

Return on assets-3.81%a year's rate, June 30, 1987

Staff43full time, June 30, 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.